Is the tech bubble breaking once again? The layoffs in Big Tech, which began in 2022, left numerous questioning if this is simply the suggestion of the iceberg. So, what does this mean for these employees and those desiring sign up with the tech market, particularly when the financial outlook stays unpredictable?
Technology becomes part of our daily lives and needed for the majority of societies to work. This increasing reliance has actually resulted in enormous development in the tech sector and, with it, an expansion of high paying tasks.
Following the market’s current battles, those expensive wages are now being inspected like never ever previously.
“What has happened in the last three to four years is the pay for the other non-Big Tech companies have gone up, and many of the startups are really upset because they can’t burn cash at those rates,” Ben Leong, a teacher of computer technology at the National University of Singapore, informed CNBC.
“The Big Tech companies will continue to pay what they used to pay – they always pay a lot,” he included.
“I suspect the growth in the median pay will either stagnate or may even drop a little bit.”
So, is the bubble breaking for tech employees? Watch the video above to learn more.
