Why layoffs may be just what the tech sector needs

The 2020s have been a strange time for tech firms and this current course correction could prove to be needed bitter medicine.

The most disconcerting thing is how rapidly hiring sentiments have soured. PHOTO: AFP
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Recent layoffs by technology giants worldwide may seem unsettling yet the reality is this wave is only getting started.

The most disconcerting thing is how rapidly hiring sentiments have soured. It was barely a year ago when local behemoths Sea and Grab announced aggressive hiring plans and barely nine months since recruitment firms in Singapore reported the outlook for job seekers, fuelled by the technology and media sectors, was the best in over a decade.

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