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Layoffs are set to continue. But workers from this sector may likely escape - TL;DR CNBC

Layoffs are set to continue. But workers from this sector may likely escape

Publishing timestamp: 2023-03-01 21:26:32


Summary

Cybersecurity jobs are expected to remain relatively safe during economic turmoil, and may even increase. A survey of C-suite executives found that only 10% of organizations are likely to cut jobs in cybersecurity, compared to 20% in other areas. Tech giants such as Meta, Amazon, Google, Microsoft, Salesforce, and Zoom have announced job cuts, but those impacted may find opportunity in pursuing a career in cybersecurity. Hiring managers are also recruiting from unconventional departments due to a shift in focus from technical skills to non-technical competencies.


Sentiment: POSITIVE

Tickers: CRM,  GOOG,  GOOGL,  DIS,  ZM,  AMZN,  META,  MSFT, 

Keywords: layoffs,  alphabet class c,  zoom video communications inc,  technology,  salesforce inc,  walt disney co,  alphabet inc,  jobs,  microsoft corp,  amazon.com inc,  meta platforms inc, 

Source: https://www.cnbc.com/2023/03/02/layoffs-to-continue-in-2023-but-least-likely-for-cybersecurity-workers.html


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