Apple, which recently terminated roughly 100 contract employees, is the most recent business to do so.This year, similar actions have been taken by other tech behemoths like Meta, Microsoft, and Amazon.
The hiring of new employees in the technology industry appears to be slowing down.
Up until last year, IT companies hired a lot due to the increased demand for their products caused by pandemic lockdowns.
But now, things are altering. According to JP Gownder of Forrester Research, it now depends on the kind of tech company we’re talking about.
He claimed that while some businesses actually had performance issues, others merely wished to proceed slowly and cautiously.He used Netflix as an example, citing how it had to lay off 450 workers as a result of tougher competition.
The economy was a concern for other businesses. Even the largest businesses slow down and take preventative measures to safeguard themselves when the economy is uncertain.
