What are the factors, causes, and consequences of Tech Layoffs 2023?

The employment market is always changing, with certain occupations becoming outdated as technology and automation improve. However, new opportunities are opening. However, in today's competitive economy, it is critical to be adaptable and up to date on the latest advancements. While sectors have a long way to go in terms of justice in the tech sector, the present layoffs force them to take a significant step back. Recruitment teams have become redundant as hiring freezes and IT businesses opt for mass layoffs. This also suggests that jobs are starting to be mechanised. The layoffs were caused in part by tech companies' plans to invest in artificial intelligence (AI) and automation.