That includes allocating the necessary workforce for the right jobs or challenging resources to new tech that may benefit a company in the long run. Īs a sector that has long been one of explosive growth and capitalising on the latest trends, companies are constantly readjusting their priorities and resources for growth. As a computer science graduate, you might be wondering: “Is a computer science degree worth it?” Source: Chris Delmas/AFP Why are tech companies cutting jobs?Īpproximately 174 tech companies have laid off over 56,000 employees in 2023, according to Forbes. Tech layoffs are putting a gloom on the industry.
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