Business Standard

Tech job still pays $120 an hour despite mass layoffs in US tech industry

In the past two weeks Meta Platforms Inc. announced it was cutting another 10,000 jobs and eliminating 5,000 open roles, Inc. laid off an additional 9,000 workers and job-hunting website

layoffs, job loss, lay-offs, unemployment

Representative Image

By Lucy Papachristou

Mass layoffs across the US technology industry have now claimed well over 300,000 jobs.
And yet, companies are still hiring in areas they see as mission-critical. Contract positions are still commanding $120-an-hour wages. The industry hasn’t seen cuts this deep since the dot-com bubble burst, but Linda Lutton, who has been recruiting for tech firms since 1987, says it doesn’t feel like a bust. For one, she said, firms are still taking her calls. 

“I’m in constant contact with my tech clients, and they keep telling us, ‘We will come back,’” said Lutton, who recalls how clients

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

First Published: Mar 24 2023 | 8:03 PM IST

Explore News

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

Key stories on are available only to BS Premium subscribers.

Register to