There is a recession on the horizon and tech employers are taking stock. Major employers like Microsoft, Uber, and Amazon have slowed down their hiring and spending. Should tech professionals be worried? The short answer is no. Even within the larger economic downturn the tech industry continues to be one of the best performing spaces in which to work. www.ptechpartners.com

1. Tech Alert:
The Recession
will Impact Hiring
and Comp

2. Media titan Netflix has announced a
second round of layoffs this year.
Microsoft has laid-off nearly 1%
of it's workforce
Other tech giants (eg. Uber, Amazon,
Twitter, and Apple) are all planning to
slow or pause hiring.

3. ""Realistically, there are
probably a bunch of
people at the company
who shouldn't be here... I
think some of you might
decide that this place
isn't for you, and that
self-selection is OK
with me."
—Mark Zuckerberg,
CEO of Meta

4. Experts predict a dip in hiring and
compensation, as companies look to
restructure their finances to weather the
economic slowdown.
Is the tech boom
heading for a bust?

5. Tech-professionals, you'll be fine.
No industry is recession proof but certain
sectors within the tech industry (cloud,
data, infrastructure) are projected to
continue growing, albeit at a slower pace.

6. Use this time to keep learning,
build your industry network,
and plan career decisions
a little further down the road.