Financial TimesFinancial Times

How bad is Big Tech’s hiring freeze?

By Dave Lee

10 Jun 2022 · 3 min read

Editor's Note

The future of the Big Tech economy has recently been thrown into uncertainty. This article argues that not all is doom and gloom for the sector.

The end of the tech boom has sparked a flurry of job cuts as companies move swiftly to tighten their belts. Recruitment at Meta and Uber has slowed, job offers from Twitter and Coinbase have been rescinded and deep lay-offs have swept parts of the sector.

But while household tech names have grabbed attention for pulling back on recruitment after a prolonged period of headcount expansion, some analysts, recruiters and jobseekers are finding some reasons to stay calm — for now.

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