It’s not a pretty scene out there.
Tech jobs are drying up and there are more and more American workers out there looking for work.
We had this report from siliconvalley.com this week, which revealed that hundreds of jobs in the defense, microchip and green-energy sectors all issued pink slips. Some due to the slowing economy but others are having difficulty getting capital (in this new higher interest-rate world).
Then there was another story of 1,200 layoffs at Qualcomm. This announcement came despite positive news about a new deal with Apple.
2023 hasn’t been a great year for tech employment. If you want to get a big-picture view of what’s been happening, TechCrunch has been compiling a list of all the layoffs.
With all this bad news, we wonder if the tech firms will continue claiming that they can’t find skilled workers – and call for even more H1-B and other Visa workers.
In past downturns, US tech firms ratcheted up the hiring of foreign workers – and fired US workers – to save money. We can only hope that doesn’t repeat itself this time around.