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Contributors›Rachel Neill
RN

CEO, Carex Consulting Group | Founder, Figgy

Rachel Neill

Entrepreneur and co-founder of Carex Consulting Group and Figgy. Passionate about the startup space, scaling companies, raising capital, and women in tech. Find me at rachelneill.com.

1 article
Contributor Brief·Rachel Neill · 1 article
Updated Sep 20, 2022

Tech layoffs mask persistent growth in software and specialized roles

Neill argues that despite headline-grabbing tech sector layoffs, employment growth continues in specialized software and technology roles, indicating sectoral reallocation rather than broad economic collapse. She positions layoffs as a recession barometer worth monitoring, but contends that underlying demand for technical talent remains robust enough to sustain career growth in specific domains.

42,000

U.S. tech workers laid off in 2022 alone

“Layoffs in the tech sector have led the charge, with over 42,000 workers in the U.S. tech market cut in 2022.”

The Fastest-Growing Employment Areas for 2022

Employment crisis signals and countervailing growth indicators

Tech sector layoff volume as recession indicator9
Continued demand in software specializations7
Overall economic headwind presence8

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38%Tech sector
Tech sector layoff volume as recession indicator
Continued demand in software specializations
Overall economic headwind presence

1 article

provided to analyze — insufficient data for robust comparative analysis

There is still plenty of good news…

The Fastest-Growing Employment Areas for 2022

There is still plenty of good news…

The Fastest-Growing Employment Areas for 2022

“Layoffs lead the charge, yet growth persists.”

Themes:Recession layoffs as economic diagnostic toolSectoral job destruction versus persistent specialized demandTech employment bifurcation during downturns

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