The Hidden Truth Behind IT Layoffs – Explained by SOM SIR

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Understanding the job market in the IT sector has become extremely important today, especially with technologies like AI and Cloud Computing bringing significant changes. However, the real reasons behind layoffs are different from what many believe.
The major downturn in the IT industry began after the 2008-09 recession, which had a long-lasting impact on the job market. Things gradually stabilized, but after the COVID-19 pandemic, companies went on a massive hiring spree, offering unrealistic salary packages. This led to restructuring efforts starting in 2023.
Many think AI is the primary cause of layoffs, but that’s a misconception. The actual reasons are restructuring and resource optimization. Layoffs and hiring will continue in the future, but job security will depend on skills and adaptability.
This video explains in detail the true causes of IT layoffs and the current state of the market, providing valuable insights for IT professionals and job seekers alike.
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