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More Than Half of Bay Area Tech Workers Are Afraid They'll be Laid Off

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worker on scooter in San Francisco

San Francisco Bay Area tech workers are growing apprehensive about the stability of their jobs.

A new survey by job-search database Hired that evaluated 2,300 tech workers found that 53% of employees in the tech sector in the Bay Area say they're "concerned" or "very concerned" that they'll be laid off or furloughed in the next six months. Hired also surveyed tech employees in other regions, finding that 42% of New York respondents and 36% of U.K. respondents were also concerned about losing their jobs.

The tech industry has been impacted by the coronavirus crisis in a different way from other industries, according to a June report from tech firm Visier. Visier found that big tech companies made bigger job cuts and started laying off workers sooner than companies in other industries.

The study also showed that tech firms continued cutting jobs at high rates after companies in other industries mostly stopped laying off workers.

From Business Insider
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