Business Standard

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

tech
Premium

BS Web Team New Delhi
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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 27 2023 | 2:27 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com