Meta Layoffs Signal Shift
This is a news story, published by Insider, that relates primarily to Meta news.
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Ongoing layoffsInsider
•Meta layoffs are the latest sign that constant job cuts are the new Big Tech normal
82% Informative
Recent layoffs at Meta are a sign that some employers are willing to make recurring cutbacks.
Ongoing layoffs hurt morale and aren't a solid long-term strategy, a labor expert told BI .
Many tech companies are adopting a more methodical, department-by-department approach to making cuts.
The rise of generative AI and the threat of layoffs are pushing many in tech to want to build skills.
Job postings in software development have remained flat in recent months , though they're still 30% below 2020 levels.
Indeed's Fagan said that's a sign that the tech industry might be closer to stabilizing.
For now, a company like Meta might be cutting in some areas, but it's growing elsewhere.
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