Did any of the 2022 tech layoffs surprise you? Why or why not?
Director, IT Operations & Information Security in Real Estate, 201 - 500 employees
The global issues we've faced the past few years were indicators that the trends of the past were unsustainable and that change was not only inevitable but imminent. We've seen this in tech before with the past few booms and busts. Excessive and lavishness hurt in the long-run for some of these tech companies. Surprised? No. It's a bit of a gamble working in tech. You get all the perks but also the downside of these cycles. Director of Product Engineering & IT in Software, 51 - 200 employees
I think moreso than their being any layoffs was the size of each layoff (many companies laying off 10%+) and snowballing effect of the layoffs (now even Amazon is laying off employees). It seemed to switch VERY quickly from hiring freezes to straight up layoffs. Unfortunately now it's a bit of a self-fulfilling prophecy, this many layoffs will definitely cause a recession which will cause further layoffs, etc.
Head of Information Technology Services in Manufacturing, 1,001 - 5,000 employees
It was a surprise that most Tech companies only announced layoffs after Twitter announced it. There are still a lot of job openings in the market; most of them will get placed but may get different perks and packages. It may be the phase of rebalancing talent across tech companies.Content you might like
Chief Information Security Officer in Software, 5,001 - 10,000 employees
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It always goes back to the requirements. As an example: we just went through a privileged account management RFI that we then moved to RFP and one of the requirements was that it needed to be highly available. In other words, ...read moreChief Information and Technology Officer, 1,001 - 5,000 employees
We utilize our Gartner executive partner for this. As an example, our CISO and myself were creating a deck for our Board, but we thought it probably wouldn’t resonate. Our EP helped us provide visuals to bring it all together ...read more
I am saddened to see so many tech folk’s being laid off but not surprised.