Where Are Laid Off Tech Employees Going? | CNBC Marathon
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Mass layoffs in the tech industry are ongoing, with 42,324 tech employees laid off in 2024, surpassing 2023 figures; Jeff Shulman from the University of Washington notes a dramatic shift in the sector; a booming AI market saw over $12 billion in investments in Q1 2024, up from $4.5 billion in 2023; Canada opened a pilot program on July 16, 2023, allowing 10,000 H-1B visa holders to apply for a three-year open-work permit, providing relief for those facing deportation after layoffs.
#TechLayoffs #H1bVisa #AiMarket #CanadaImmigration #JobMarket #2024 #UsEconomy #ForeignWorkers #BusinessNews #Migration
https://www.cnbcafrica.com/2024/where-are-laid-off-tech-employees-going-cnbc-marathon/
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