![]() Tech companies employ around 9% of the state's workforce.įraim said the layoffs at many bigger firms signal a shift in strategy rather than a panic about the companies' futures. In March, there were 25,888 unique job postings in the state's tech industry, according to the labor market data firm Lightcast. They're hiring like crazy."Īn important part of the story, according to Fraim, is that tech is still in the throes of a severe labor shortage. "You're getting drips and drabs of different pieces of news, and it's not really telling the whole story," she said. For some foreign-born workers, there's the added uncertainty of how layoffs might affect their immigration status.īut when it comes to the toll these layoffs are taking on the state's overall innovation economy, there's been little impact, said Sara Fraim, who leads the trade group Mass Technology Leadership Council. They often come with financial hardships and anxieties about the future. Layoffs can be a devastating experience for workers. tech companies have shed more workers in the first four months of this year than they did in all of 2022. HubSpot, Akamai and iRobot are just a few of the 35 companies headquartered in Greater Boston that have laid off workers in 2023 so far.Īccording to layoffs.fyi, a website that tracks layoffs in the tech industry, U.S. This has been a tumultuous year for the tech industry - or at least, it feels that way given the dozens of recent layoff announcements from companies both large and small. Akamai is one of dozens of Massachusetts tech companies that have laid off workers in 2023.
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