Tech Job Losses Reach Levels Not Seen Since 2008 and Dot-Com Bust
By
elsewhen
Slow-proofed and worth the wait. Worth its weight in flour.
Summary
The article discusses the significant downturn in the US tech job market, with current losses outpacing those seen during the last two recessions. Economist Joseph Politano notes that tech job losses are showing weakness in ways not seen since 2008 and the dot-com bust, indicating a particularly rough period for tech job seekers. The analysis suggests this represents a structural shift in the tech labor market rather than just cyclical fluctuations.
Key quotes
· 4 pulledTech jobs are showing weakness in the US labor market.
It's a rough time to be looking for a tech job.
Economist Joseph Politano said losses in the industry outpaced those in the last two recessions.
Tech jobs are getting demolished in ways not seen since 2008 and the dot-com bust.
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