Considering the falling valuations, dropping stock prices, and slower funding rounds, many tech companies are slowing or outrightly freezing their hiring process. Additionally, organizations are altering their employment plans, and the pace seems to be accelerating. In this video at Bloomberg Technology, Syndio CEO Maria Colacurcio discusses how the tech sector’s hiring freeze impacts the job market. The hiring freeze in many companies is limited to specific departments rather than companywide. Colacurcio explains, “Black entrepreneurs are concerned that people will use the recession as an excuse to avoid commitments towards diversity, increasing representation, and pay equity.” Will job prospects in the tech sector bloom in the long term? Watch this video to learn more about the impact of big tech’s hiring slowdown.
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