Will Layoffs Continue? Lessons from the Tech and Financial Services Industries
Intoo USA
JUNE 9, 2022
The economy is dynamic and constantly changing, sometimes faster than we expect it to. One year there is a huge downturn, leading to mass layoffs globally. A few years later, companies are desperate to find talent. Tech and financial services ( particularly, mortgage ) industries are experiencing the consequences of the pandemic. While changes in work behaviors in 2020 led to a tech boom, assisted by low interest rates and rising stocks, many tech companies hired too aggressively. .
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