Researcher ORCID Identifier
https://orcid.org/0009-0005-1862-1299
Graduation Year
2023
Document Type
Open Access Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics
Reader 1
Patrick Van Horn
Reader 2
Nicholas Kacher
Rights Information
2023 Aliza L Mayer
Abstract
Layoffs in the technology sector since 2021 have dominated news cycles and raised concern amongst everyone, from investors to employees. However, there is limited literature regarding the reasoning behind these layoffs and whether they really are as concerning and dramatic as our modern-day news has expressed. In this paper, I examined the historical trends of employment and contributing factors and discerned that the current wave of layoffs has occurred for a few reasons. In the past, the technology sector has been very strategic with hiring and only does so when revenue permits. However, during the pandemic, the technology sector became overzealous by their potential demand and technology craze and therefore overhired when revenue did not permit such. Hence, these findings aid the discussion that the COVID-19 pandemic entered unprecedented waters and is one to continue investigating.
Recommended Citation
Mayer, Aliza, "BOOM AND BUST: JOB CHURN IN THE TECHNOLOGY INDUSTRY IN THE COVID-19 PANDEMIC ERA" (2023). Scripps Senior Theses. 2046.
https://scholarship.claremont.edu/scripps_theses/2046
