Tech workers are holding onto their jobs, even if they don’t necessarily feel optimistic about their employers’ future.
“. When employers are nervous, they slow their hiring. Likewise, when jobseekers are nervous, they’re not as ready to switch jobs.’” There was, however, other encouraging news: layoffs in the tech sector have slowed. The industry announced that it would lay off 3,198 positions in August, the lowest monthly total for the sector since June 2020, according to outplacement firm Challenger, Gray & Christmas.
Workers are not feeling particularly confident about their job security, according to a recent survey by the online job searching platform Glassdoor. The share of employees who say they feel confident about their employer’s business outlook over the next six months fell to a low of 45.8% in September, the lowest level since Glassdoor began surveying workers in January 2016. A year ago, it was at 54%.
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