Yesterday, the S&P 500 and Dow hit new highs, yet this comes amid a wave of layoffs announced by several major, notable companies in early 2024. Brands such as Alphabet, Amazon, Apple, Blackrock, Citigroup, Discord, Duolingo, Google, Macy’s, NBC News, Sports Illustrated, Twitch, Unity Software, Universal Music Group, Wayfair, Xerox, and YouTube have collectively let go of over 30,000 employees.
Experts predict that the tech industry alone may see over 150,000 job cuts in the first quarter of 2024, following a reduction of 260,000 jobs in 2023. This trend is partly attributed to a reassessment of positions after the hiring booms during the pandemic.
Whether you're currently affected by these changes or don't want to worry that you might be next, I want to encourage you to look into the work that exists supporting the public sector. There's a tremendous amount of good work, despite what many people may believe is merely legacy technology. Sure, there's that work, but there's also work taking place that will have you waking with a bounce in your step and enthusiasm for contributing to it.
Just get in touch if you want to learn more about navigating this career space. I can point you in the right direction. And if you recently left, no one will be upset about you coming back 😁
#jobsthatmatter #govcon #boomerang