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Tech Alert:
The Recession
will Impact Hiring
and Comp
Media titan Netflix has announced a
second round of layoffs this year.
Microsoft has laid-off nearly 1%
of it's workforce
Other tech giants (eg. Uber, Amazon,
Twitter, and Apple) are all planning to
slow or pause hiring.
""Realistically, there are
probably a bunch of
people at the company
who shouldn't be here... I
think some of you might
decide that this place
isn't for you, and that
self-selection is OK
with me."
—Mark Zuckerberg,
CEO of Meta
Experts predict a dip in hiring and
compensation, as companies look to
restructure their finances to weather the
economic slowdown.
Is the tech boom
heading for a bust?
Tech-professionals, you'll be fine.
No industry is recession proof but certain
sectors within the tech industry (cloud,
data, infrastructure) are projected to
continue growing, albeit at a slower pace.
Use this time to keep learning,
build your industry network,
and plan career decisions
a little further down the road.

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Tech Alert: The recession will impact hiring and compensation

  • 1. Tech Alert: The Recession will Impact Hiring and Comp
  • 2. Media titan Netflix has announced a second round of layoffs this year. Microsoft has laid-off nearly 1% of it's workforce Other tech giants (eg. Uber, Amazon, Twitter, and Apple) are all planning to slow or pause hiring.
  • 3. ""Realistically, there are probably a bunch of people at the company who shouldn't be here... I think some of you might decide that this place isn't for you, and that self-selection is OK with me." —Mark Zuckerberg, CEO of Meta
  • 4. Experts predict a dip in hiring and compensation, as companies look to restructure their finances to weather the economic slowdown. Is the tech boom heading for a bust?
  • 5. Tech-professionals, you'll be fine. No industry is recession proof but certain sectors within the tech industry (cloud, data, infrastructure) are projected to continue growing, albeit at a slower pace.
  • 6. Use this time to keep learning, build your industry network, and plan career decisions a little further down the road.