- Big Tech companies are announcing hiring freezes and layoffs.
- These cost-cutting measures may leave job seekers shaken, but opportunities are out there.
- Talent leaders at eight companies share how they’re still hiring for tech positions.
For the past year, tech workers have enjoyed the luxury of being an in-demand, highly paid talent group. But recent news may have some of these workers sweating.
After a boom in recruiting, several large tech companies have announced layoffs or hiring freezes, causing experts to ring alarm bells about a potential downturn. At the beginning of May, Meta, formerly known as Facebook, announced a hiring freeze. Uber and Twitter followed. Last week, Netflix laid off 150 employees after the
service lost subscribers for the first time in a decade.
Startups and public companies are preparing for cost-cutting and layoffs across the board with less venture-capital funding, plummeting stocks, and soaring inflation. Experts warn this may indicate the end of a decade-long period of growth in tech, and that companies should prepare for a new normal.
But for workers affected by layoffs or rescinded job offers, there’s still time to land a different job and ride out what comes next. Many popular tech companies are still filling key roles and courting top talent. Here are eight such companies, along with insider tips for landing your next role.