Software developer layoffs and hiring freezes on the rise
Summary
In October, the tech industry continued to hire at an increased rate, according to CompTIA, a nonprofit that analyzed U.S. Bureau of Labor Statistics employment data earlier this month. But options worth considering include updating resumes with cutting-edge technology and seeking out firms with recent venture capital cash infusions, according to industry experts. "While some might consider the hiring freezes and layoffs at Facebook, Amazon and Microsoft a canary in the coal mine scenario, they are more akin to the bloat that is often associated with high-growth, publicly traded companies who are seeking to appease growth-hungry investors," he said. However, Paola Martinez, vice president of people operations at Jobsity -- a developer talent company based in New York City -- said she is already seeing a trend in hiring freezes and layoffs. "Whats going to happen now is that people are going to be forced to advance their careers by getting into more scrappy, less resourceful environments," he said "Theres always a large amount of incoming cutting-edge tech companies that are building something new and cool.