The white-hot labor market of the past few years is finally showing signs of cooling down. That’s especially true in the technology sector, where layoffs conducted by multiple big-name companies have grabbed headlines. Some of that shift can be attributed to continued unease about what the economy holds for the coming year.
“Big companies like Google, Microsoft and others are adjusting their workforce size and focus to better align with their key product and growth initiatives,” says Christine Kiefer, Senior Vice President at Experis, which is part of the ManpowerGroup. “The layoffs from the big tech companies have introduced some great talent into the market that other companies can take advantage of. There are still plenty of signs that opportunities in technology will continue to grow in 2023 and beyond.”
