Brief | Evolving Workforces
Putting Recent Seattle Tech Layoffs into Perspective
February 23, 2023
Looking for a PDF of this content?
- The pandemic-related trends of increased online shopping and higher screen-using time benefited big tech companies, leading to significant job growth since 2019. Shifting economic conditions and rising interest rates in 2022, however, prompted many companies to respond with cautious budgeting, employee growth slowdowns and in some cases, headcount reductions. While recent tech layoffs may appear alarming, they represent only a small segment of the overall tech workforce and an even smaller portion of office-using industries.