White-Collar Recession Hits Tech Sector as LinkedIn Reports Major Job Declines

Reported about 8 hours ago

The tech job market is experiencing a significant downturn, with LinkedIn reporting a 26% drop in engineering roles alongside declines in IT, quality assurance, and product management positions. This 'white-collar recession' is impacting high earners, as many professionals, including Jon Bach, struggle to secure jobs despite numerous applications. Factors contributing to this slowdown include mass layoffs and increased efficiency from AI tools, leaving job seekers frustrated amidst a surge in applicants per position. Despite the challenges, some experts see a potential recovery on the horizon.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis