In response to information from Layoffs.fyi, greater than 20,000 staff have been fired from their jobs within the tech sector in April. As well as, in accordance with information from Ladies Affect Tech, salaries for staff in tech dropped over 12% in 2023.
Ladies Affect Tech CEO Paula Bratcher Ratliff joins Wealth! to interrupt down the state of affairs for tech staff, highlighting heightened volatility in tech’s section of the US labor market.
On a extra optimistic word, Ratliff claims: “We’re seeing about 20% enhance over prior years trajectory in hiring for tech staff, and a whole lot of that has been powered by AI. There’s at all times been this concern, ‘will AI trigger us to lose extra tech staff?’ and we’re seeing the other impact. AI, and different improvements are driving extra tech want for organizations and we’re seeing improved hiring, and improved hiring within the human capital area for tech due to AI and the impacts of resumes and resume writing.”
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