Wednesday, 7 February, 2024

Global Tech Sector Faces Job Cuts in Jan '24

In January 2024, the global IT sector underwent a severe downturn that resulted in the loss of over 30,000 jobs globally. This wave of widespread layoffs brings to light the continued difficulties and uncertainties that the IT industry faces, which may be impacted by several variables including changes in the demand for the product, corporate reorganizations, and economic swings. The information emphasizes the industry's need for strategic workforce planning and flexibility.