After nearly 25 years of astronomical growth and a hiring frenzy during the pandemic, the technology jobs market is resetting. The reset started slowly, with post-pandemic adjustments that resulted in some layoffs, but has accelerated since. With more than 70,000 layoffs in 2024 already, it’s clear that tech companies aren’t done “rightsizing” their workforces.
Technology companies should approach this reset carefully and take advantage of a time-tested solution to their problem: temporary and contract work, which provides cost savings and greater flexibility in times of uncertainty. Instead, they have hired fewer contingent workers over the past two years.
The question is, why?
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