These 7 tech categories are losing the most jobs – LocalNews8.com
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These 7 tech categories are losing the most jobs
The sign on the Google offices in Chelsea in New York.
After the coronavirus struck in 2020, causing employees and students to work from home and social gatherings to shift online, demand for technology products soared. From computers to streaming services, the industry exploded. Sales of laptop and desktop computers, for example, totaled 348.8 million in 2020, a nearly 15% increase over 2019. That’s the greatest number of sales since 2014.
To keep up with the growth, tech companies hired new workers.
Then the pandemic lessened its grip, and tech companies were left with a different set of problems: inflation, higher interest rates, and fears of a recession, among others. Layoffs began.
Facebook’s parent company, Meta, for example, cut more than 10,000 workers in November 2022.
And as stock prices fell, technology giants assured shareholders they were taking steps to right the imbalance.
Stacker used Bureau of…
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