Tech jobs took a heavy hit in 2022. According to Layoffs.fyi, 424 tech companies laid off 120,253 employees in the first two months of 2023. But it might not be as bad as it sounds. “This kind of realignment happens regularly, and often companies take the opportunity to do this under cover of an economic downturn,” explains Rachel Bellow, a cofounder of Bonfire, a talent development accelerator for the rising generation of women in the workplace.
“If we examine hiring and firing numbers over the past 24 months, we see that companies like Meta, Salesforce, Microsoft and
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