Can somebody explain to me where the companies get all these people?
A lot of huge companies doubled/tripled in size during pandemic. Did people just take on 3 jobs or where we hitting super low levels of unemployment?
A lot of huge companies doubled/tripled in size during pandemic. Did people just take on 3 jobs or where we hitting super low levels of unemployment?
Putting it in context: the US has about 160 million people in the labor force. It's shocking when we see companies laying off 10,000 people, but in the grand scheme of things this is really quite a small drop in the bucket. In all of 2022, tech saw ~150k layoffs, or about 0.1% of the labor force.
Also, on the scale of the whole industry people jumping to these tech companies is probably a tiny fraction of overall employment.