The First Tech Layoff Wave After Years of Hypergrowth

Same month SEN issue published one year ago had this column titled as "The Human Side of the Tech Industry: Key Drivers Behind the Tech Talent Dilemma." It discussed the Tech industry hypergrowth and how the tech industry is challenged in terms of finding talents and closing their hiring needs and deliver their projects; citing this as one of the top risks to delivering the required level of Digitalization projects. One year later from when that issue was published and the Tech Industry has been rocked by a massive layoff movement, with more than 120,000 IT workers have been laid off only in the U.S. This is perplexing. What happened to the Tech talent dilemma? More importantly, how such massive layoffs affects Tech Industry and Software Engineers? This paper surveys key impact points from such wave.