4min chapter

The Changelog: Software Development, Open Source cover image

This !insane tech hiring market (Interview)

The Changelog: Software Development, Open Source

CHAPTER

Are Layoffs Going to Keep Happening?

CNN's John Sutter says tech companies are laying off up to 15% of staff at a time when interest rates are high, VC money is tight and inflation is set to hit. He says even employees aren't really surprised or empathetic; they're just looking out for their own well-being. Sutter: If you've been laid off in this round, know that you're the lucky one because you got a really good severance package. But I can tell you that layoffs will keep happening. And the next round, they're not going to be as generous because no one's going to pay attention.

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