“The mass layoffs in the tech industry can be traced back, in part, to the COVID-19 pandemic and the resulting rise in software and tech platforms that were built to accommodate a remote society, Joe Mullings, CEO of The Mullings Group, told BioSpace.
“The tech sector over-hired during COVID for a number of reasons,” Mullings said. “One is that ‘The Great Resignation’ was going on, so people were hedging their bets there.”
Another reason, he said, is that tech companies are competitive–they don’t like to lose candidates to another company. “
Read the full article here: https://www.biospace.com/article/what-mass-layoffs-in-tech-mean-for-biopharma/
