Thursday, 17 August, 2023

Tech Layoffs Slow, Hiring Yet to Resume for Many Firms

Recent data shows that technology companies are scaling back on layoffs but are still cautious about resuming hiring efforts. Despite signs of economic recovery, the tech industry is adopting a cautious approach due to uncertainties. While layoffs have decreased, the hiring process remains subdued as companies assess the ongoing market dynamics. This balanced approach reflects the tech sector's adaptability to changing circumstances and its focus on maintaining a stable workforce.