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White-Collar Recession Hits Tech Jobs Hardest Amid Hiring Slump

3 days ago

White-Collar Recession Hits Tech Jobs Hardest Amid Hiring Slump
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7 Highlights

  • Tech jobs face a deep hiring slump, hardest hit in hiring freezes.
  • Engineer hiring in Silicon Valley drops 26%, once recession-proof.
    • AI boosts efficiency, reducing urgent needs for tech hiring.
    • Post-pandemic over-hiring causes hiring cutbacks in tech firms.
    • Job seekers wait as application processes average 66 days.
    • Tech turnover dips below 20%, candidates prefer stability.
    • Tech job postings recover slowly, offering hope for recovery.
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