‘Job seekers are nervous’: The ‘Great Resignation’ is over — and tech workers are staying at their jobs

Tech workers are holding onto their jobs, even if they don’t necessarily feel optimistic about their employers’ future.

— Andrew Crapuchettes, RedBalloon “This is market nervousness,” Andrew Crapuchettes, CEO of careers website RedBalloon, told MarketWatch. “When employers are nervous, they slow their hiring. Likewise, when job seekers are nervous, they’re not as ready to switch jobs.” “‘The tech sector has seen a 180-degree turn in labor demand from two years ago, with bidding wars and The Great Resignation giving way to layoffs and hiring freezes.’”

Employees in the information sector saw the biggest decline in confidence compared to a year ago. Between September 2022 and September 2023, there was a 13.2-percentage-point drop in the share of information-industry workers who felt confident about their company’s next six months.

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