9 minutes
This year has been relentless for software engineering managers, but what does next year hold? Here’s what you need to know as we move into 2024.
It’s safe to say that 2023 proved to be a major correction for a technology industry that had become accustomed to hypergrowth. As business slowed after the COVID-19 pandemic, many tech companies started bowing to investor pressure by adjusting their forecasts, reducing budgets, and cutting their biggest cost base: headcount. This initiated a devastating domino effect that saw 260,000 tech employees laid off this year by more than 1,000 companies, according to Layoffs.fyi