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Amid layoffs, techies looking for ways to get more 'secure' jobs: Report

Global tech companies have laid off around 70,000 employees in the last one year

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2 min read Last Updated : Jan 27 2023 | 2:27 PM IST

With global tech companies announcing layoffs, employees are increasingly looking for stable career options instead of high pay hikes, a report in the Economic Times (ET) said. Moreover, they are also betting on upskilling to protect their jobs.

According to recruitment services firms, the inflow of resumes from IT employees who have not been laid off has doubled in the last one month alone. These include employees from Amazon, Google, Meta and Microsoft.

"Employees in the tech industry are choosing stability over insane hikes. Gone are the days of 100 per cent pay hikes," Aditya Mishra, chief executive at CIEL HR Services told ET. Another expert, quoted in the report, said that the companies went overboard in hiring in 2021 and 2022.