Tech companies' risks aren't just going to go away, especially when it comes to people. (Credit: Nottenaj/Adobe Stock)
Big tech is facing more challenges than ever before, forcing companies to adjust their priorities amid a challenging fundraising market. Just a few years ago, in booming funding times, jobs were plentiful and employees left their companies en masse — the "great resignation." Companies across verticals struggled to fill positions as prospective employees weighed the many options in front of them. Today, things could not be more different.
The technology industry has seen more than 86,000 layoffs in 2024 alone. At Embroker, our recent Tech Risk Index report found 44% of tech companies are struggling with employee retention at the entry and executive levels. Which raises the question: is tech losing its appeal for workers?
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