Employmenttechnology News

"Tech Industry's Silent Exodus: The Surge of Quiet Layoffs in 2024"

In the high-tech industry, a poor job market has led to a rise in "quiet quitting," where dissatisfied employees stay in their jobs despite wanting to leave due to a lack of alternative opportunities. The global economic crisis, Israel’s domestic political crisis, and the war in Gaza have caused funding declines, mass layoffs, and hiring freezes. This has resulted in a decrease in employee satisfaction and engagement, with many feeling demoralized and resentful. Strong leadership, trust in the organization, and compassionate communication are suggested as ways to address the challenges and retain employees during this difficult time.