Tech Layoffs Slow Down While Hirings Ramp Up In These Companies

The globally disturbing phase of mass layoffs has finally taken a back seat. While most companies are still on a hiring pause, here is a list of the ones hiring right now.

No Firing, Slow Hiring

According to the top industry experts are ET, mass layoffs are on a sharp decline in the US. The impact of these layoffs even disturbed the tech workforce of India, leading to an abundance of jobless professionals since the beginning of 2023. However, that has come to a halt as well. The good news is that while most of the employees are happy about the layoff freeze, some new vacancies are opening up in brands with a good growth graph this year.

The Organizations Are Reorganizing

While most companies will give credit to recession as the main reason for the mass layoffs, the actual reality is the optimization of the workforce. Most of the brands that laid off mass employees actually repurposed their operations and created a more stable workforce that could sustain recessions while bearing the burden of any future recessions.

Layoffs in the big tech have steadily declined from June onwards. From 90,000 employees fired globally to a nominal number of 10,000 in July, brands have finally reached a stable state to sustain their workforce.

Sachchidanand Shukla, Group Chief Economist at Larsen & Toubro 


Nitin Bhatt, who is the leader of the partner & technology sector at EY, said that in many organizations, a discussion around gradually removing low-revenue clientele. The reason why this is a logical step, even though it may lead to a revenue drop, is that the brands have realized that freeing up their workforce for high-priority clients is a must. 

The second reason is that low-ticket clients add more pressure on their high-pay employees which in turn creates a low profitability stream in the long run and increases the attrition rate inevitably.

While most brands are still strategizing on how to utilize their existing capacity to the fullest without building up the pressure on them, some organizations have reopened vacancies but at a very slow pace.

What’s The New Hiring Trend?

The Tech landscape has dramatically changed with the advent of Artificial Intelligence. Even if the growth of AI is not related to mass layoffs, the new hiring trend will surely include people with capabilities around AI. 

Sangeeta Gupta, Senior VP of Nasscom

There is a huge lack of visibility in big tech firms as the way we look at technical skills is changing rapidly since the beginning of this year. So, the hiring graph will be slow, and each position’s value will be highly analyzed. The hirings that happen now might have a much higher endurance to unprecedented pitfalls like the recession, or a pandemic if the workforce division is pre-organized.

Manish <span>Content Strategist</span>
Written By
Manish Content Strategist

With a mixture of literature, cinema, and photography, Manish is mostly traveling. When he is not, he is probably writing another tech news for you!

Want To Hire The Best Service Provider?
MobileAppDaily will help you explore the best service providers depending on your vision, budget, project requirements and industry. Get in touch and create a list of best-suited companies for your needs.

Featured Success Stories


UN Security Council to initiate formal dialog on AI risks

4 min read  

Artificial Intelligence has existed among us as a concept for over 30 years with the first AI machine built in 1951 to master the game of checkers. However, today’s scenario of AI is not as simple as finding the best ways to win the game of checkers.Since 2020, Artificial Intelligence is i


Google Podcast Is Here: The Innovative AI-Based Android App

4 min read  

Podcasts have become a thing now. However, they are still not discoverable for many users. But, Google's step of launching its own podcast may prove to be a significant move in this direction. Podcasts help us listen to everything we wish to gather information about. Google Podcast seems to make


Robinhood Already Gets 1 Million Early Access Sign-Up's After Free-Crypto Trading Announcement

4 min read  

Robinhood, the cryptocurrency trading platform is coming up with a new strategy to lead the crypto-world. The company has announced that it will be starting zero-fee cryptocurrency trading service from February. On Thursday, the company has noted in a blog post that, from the next month it will char


Facebook Releases The Messenger Kids App

4 min read  

Facebook came up with a new product for the minors that will help them to access the social media service legally. The social media giant has launched a new version of the Messenger app for children aged between six to 12 years. The new chat app is exclusively for the children under the 13, who are

Featured Success Interview


Interview With Coyote Jackson, Director of Product Management, PubNub

MAD Team 4 min read  

MobileAppDaily had a word with Coyote Jackson, Director of Product Management, PubNub. We spoke to him about his journey in the global Data Stream Network and real-time infrastructure-as-a-service company. Learn more about him.


Interview With Laetitia Gazel Anthoine, Founder and CEO, Connecthings

MAD Team 4 min read  

MobileAppDaily had a word with Laetitia Gazel Anthoine, Founder and CEO, Connecthings. We spoke to her about her idea behind Connecthings and thoughts about the company’s services.


Interview With Gregg Temperley, Founder Of ParcelBroker App

MAD Team 4 min read  

MobileAppDaily had a word with Gregg Temperley, Founder. We spoke to him about his idea behind such an excellent app and his whole journey during the development process.

App Development

How to Implement Artificial Intelligence and Machine Learning in an Existing App?

MAD Team 11 min read  

AI is for decision making, and ML makes the system to learn new things from data.

MAD Originals
MAD Originals

Cut to the chase content that’s credible, insightful & actionable.

Get the latest mashup of the App Industry Exclusively Inboxed

  • BOTH
Join our expansive network, build connections and expand your brand presence.