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Tech Jobs Are Still Paying $120 an Hour Despite Mass Layoffs

laptop computer, illustration

The average pay in tech is nearly twice that of the typical U.S. worker.

Credit: Getty Images

Mass layoffs across the U.S. technology industry have now claimed well over 300,000 jobs.

And yet, companies are still hiring in areas they see as mission-critical. Contract positions are still commanding $120-an-hour wages. The industry hasn't seen cuts this deep since the dot-com bubble burst, but Linda Lutton, who has been recruiting for tech firms since 1987, says it doesn't feel like a bust. For one, she said, firms are still taking her calls.

From Bloomberg
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