Many recently laid-off tech workers are finding jobs shortly after beginning their search, a new survey shows, as employers continue to hire people with in-demand skills in a tight labor market.
We've rounded up articles from SHRM Online and other outlets to provide more context on the news.
About 79 percent of recently laid-off technology workers landed a new job within three months of starting their search, according to a ZipRecruiter survey. Nearly 40 percent of recently laid-off tech workers found jobs less than a month after they began searching.
Lots of Layoffs
Technology companies have been laying off workers at the fastest pace since the COVID-19 pandemic upended the global economy in 2020. Tech employers cut more than 150,000 jobs in 2022, compared with about 80,000 layoffs in 2020 and only 15,000 in 2021.
Jobs Outpace Unemployed Workers
Job openings across the country—at 10.4 million—are down from record highs but far exceed the number of unemployed workers, providing new opportunities for laid-off workers.
While losing a job is cause for concern for anyone, the stress is heightened for workers with temporary H-1B visas, who suddenly have a looming deadline to find another job and employer willing to sponsor them; change their visa status; or return home.