Some tech leaders are turning layoffs, hiring freezes into opportunity

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A man walks past a “We’re Hiring” sign posted in Arlington, Virginia on June 3, 2022.

Olivier Douliery | AFP | Getty Images

Recent headlines are filled with news of tech sector layoffs, hiring freezes and job offers being pulled in the midst of economic uncertainty.

But according to members of the CNBC Technology Executive Council, hiring won’t slow down and it’s not getting easier to find the talent these companies need.

Nearly 32% of tech leaders who responded to a recent survey said that it’s gotten harder to find qualified people for their open positions. The same percentage reported that it’s gotten “significantly harder” to find the talent they need. The latest biannual survey of TEC members was conducted between June 3 and June 22.

Over the past few months, an increasing number of companies have been painting a far different picture of what the labor market looks like. Companies including Uber, Meta, and Microsoft have announced that they’re slowing…

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