Tech Layoffs: 22-23 Sees Widespread Job Loss

The tech sector is facing a major shakeup in the coming years, with susbstantial layoffs in 2022 and continuing into 2023. This is due to a number of factors, including the recent high interest rates, the slowdown in the industry, the peak of automation, and the fact that the economy has taken so much efficiency from technology investments that certain sectors are saturated with tech spending and at consumption capacity.

These layoffs will have a major impact on the economy, as the tech sector is one of the most important drivers of growth. They will also have a knock-on effect on other industries that rely on tech, such as retail and banking.