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Mass layoffs create uncertain outlook for tech sector

November 12, 2022
Source: rte.ie rte.ie
News Snapshot:
Tech wreck or tech wobble? Is it a crash or a ripple? An adjustment linked to just a few companies or a sign of bad times ahead? There are different views on what the last week of jobs losses means for the tech sector here. The Government and industry representatives used works like 'rightsizing', 'downsizing' and 'correction' to describe the decisions made by companies that had aggressively over-hired during the pandemic and now found themselves with too many staff. Other commentators used terms like 'canary in the coal mine' and 'tip of the iceberg' to describe the layoffs, claiming it...
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