TECH SUPPLIER May 2023 - Market Note - Doc # EUR150667223

From Great Resignation to Tech Layoffs: A European Perspective on IT Employment and Skills


Leonardo Freitas

This IDC Market Note looks at what recent layoffs within tech companies mean for the war for IT talent in Europe. While we have been used to seeing the tech industry being on massive hiring spree, 2022 and into 2023 saw even tech giants, such as Microsoft, Google and Amazon, going through firing rounds.

"Everyone is paying close attention to the wave of layoffs within both major tech companies and start-ups around the world. However, as this is a multi-layered issue, it is important to delve into regional differences in areas such as labor regulation and demographic trends to fully understand how the recruitment situation will develop in Europe compared with other geographies," said Leonardo Freitas, research manager, European Skills Practice.



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