Navigating the Evolving Tech Job Market Amidst Recession
The tech industry is experiencing a white-collar recession, with significant hiring slowdowns and layoffs affecting high-paying jobs. Despite a low overall unemployment rate, tech professionals like Jon Bach are struggling to find new positions, facing numerous rejections and nonresponses. The downturn is attributed to over-hiring during the pandemic, a shift towards stability among current employees, and increased efficiency from AI tools. While some sectors like healthcare are thriving, tech roles have seen a marked decline, though there are signs of a slow recovery in job openings.