meta job cuts 23407

US tech giants still valuable despite recent layoffs, could invest in promising areas like AI: Observer

“In 2000, when the dot-com bubble burst, we lost about 25% of all tech workers,” said Dr. Groth. We are nowhere near at the moment.

“I think part of that also has to do with the fact that technology is now creeping into almost every other industry. I mean, name everything, including things like agriculture.”

He added that sectors, from healthcare to education, are now flooded with technology.

“And that means more demand across the economy for technology products. Dr. Groth noted that there is also more demand for tech talent.

But in an environment of higher interest rates and with market incentives to cut costs, observers say those who dream of working in big tech can broaden their horizons.

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