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Tech Sector Lays Off Over 200,000 Workers
Exponential growth and capitalization on the latest demands have been the norm in the tech sector for the past decade. When the COVID-19 pandemic hit and substantially increased the amount of people working from home, major tech companies like Amazon and Meta all launched extensive hiring campaigns, doubling their employees in a matter of months to keep up with the new demand. However, following late 2022, the tech sector announced mass layoffs, with more than 200,000 tech jobs lost over the past year.
The Aftermath of the so-Called “Great Resignation”
Following the spring of 2021, people have been quitting their jobs by the millions, breaking records that haven’t been broken in two decades.
Employment Across BC
“If B.C.’s job market were real estate, you could call it a buyers’ market,” states CTV News reporter Yvonne Raymond. The continuous job creation among Vancouver citizens has increased consequentially