Layoffs are still historically low, so why does it feel like everyone's losing their job?
When one of the most aspirational — and visible, since almost everyone interacts with Big Tech daily — industries started making big cuts, it made big news.
"The layoffs are happening in industry and sectors that have a larger share of the discourse than their share of employment," Nick Bunker, economic research director at job site Indeed, told Insider."That is part of the story in that they're high profile, but that doesn't mean they're representative."
"Those markets are very exposed to tech layoffs, and tech plays a disproportionate role in the economy," Terrazas added."But I think more importantly, I think tech and risk-intensive sectors play a disproportionate role in our collective imagination just because for so long they have been perceived as the frontier of innovation and have been driving growth for the past few years — if not the past decade."Jeffrey Pfeffer, the Thomas D.
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