getty The tech market has become rocked with layoffs over the last 6 months. Over one hundred fifty,000 tech workers have been laid off as tech companies trimmed the additional workers they employed during the pandemic to handle current and future needs.
And provided the economic natural environment and especially IT customers that are reducing back corporate purchases currently, 2023 will be a challenging yr for tech generally.
The draw of attending UC Berkeley or Stanford has extended been the accessibility they provide to The work- and prosperity-generation machine of nearby Silicon Valley. Even so the fired up spring smaller discuss interviews and offers has more and more been replaced by fretting about the future.
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It’s Specifically jarring for international learners who majored in computer science with the expectation that a higher-spending tech job will be awaiting them.
But that superheated career market gave solution to waves of layoffs across Silicon Valley starting in 2023. Deep economic uncertainty is making businesses think 2 times about investing in new hires, when AI is promptly assuming task functions once reserved for interns as well as other early-career workers.
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In line with various telecom reports, the last 10 years also saw more and more people worldwide join the digital revolution, as over 1.five billion new users received smartphones inside the earlier decade.
As school learners doomscroll LinkedIn and Handshake (a profession social network geared toward Gen Z), all they see are postings for roles that need working experience they don’t have.
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“The process of obtaining a occupation is designed to be tricky and competitive, but today things are far more aggravated,” reported a single 24-yr-previous biology graduate at UC Berkeley. He utilized for more than forty Work opportunities at biotech businesses without landing 1 and is also headed to grad university from the hopes of attracting more interest from companies.
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