In every downturn, we tend to measure the pain by counting layoffs. (Dell is the latest, announcing it will cut 6,650 jobs or 5% of its workforce.) According to Layoffs.fyi, a smart if incomplete tracker of job cuts, tech companies laid off almost 95,000 workers in the first five weeks of this year, which is already about 60% of the layoffs it reported for all of 2022.
While job cuts are normal, there’s something different about this economic dip. To start, as Jena McGregor reports, the advent of remote work has cemented the digital pink slip.
We may measure the pain by counting layoffs but how we hire determines the recovery — and generative AI like Chat GPT changes the game.
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