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The First Tech Layoff Wave After Years of Hypergrowth: How This Affects the Industry?

Published:17 January 2023Publication History
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Abstract

Same month SEN issue published one year ago had this column titled as "The Human Side of the Tech Industry: Key Drivers Behind the Tech Talent Dilemma." It discussed the Tech industry hypergrowth and how the tech industry is challenged in terms of finding talents and closing their hiring needs and deliver their projects; citing this as one of the top risks to delivering the required level of Digitalization projects. One year later from when that issue was published and the Tech Industry has been rocked by a massive layoff movement, with more than 120,000 IT workers have been laid off only in the U.S. This is perplexing. What happened to the Tech talent dilemma? More importantly, how such massive layoffs affects Tech Industry and Software Engineers? This paper surveys key impact points from such wave.

References

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  • Published in

    cover image ACM SIGSOFT Software Engineering Notes
    ACM SIGSOFT Software Engineering Notes  Volume 48, Issue 1
    January 2023
    113 pages
    ISSN:0163-5948
    DOI:10.1145/3573074
    Issue’s Table of Contents

    Copyright © 2023 Copyright is held by the owner/author(s)

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    Association for Computing Machinery

    New York, NY, United States

    Publication History

    • Published: 17 January 2023

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