Seattle tech workers have some of the worst ‘layoff anxiety’ in the US

1000’s of tech employees in western Washington have been affected by latest layoffs at a few of the largest tech corporations on this planet, together with Microsoft, Google, Fb, and Amazon, and layoff anxiousness is working rampant.

Simply this month, there have been no less than 48,000 job cuts introduced by main corporations within the sector.

Microsoft declares subsequent spherical of layoffs in Washington

SmartAsset, a private finance firm, ranked the U.S. cities with essentially the most layoff anxiousness utilizing Google Traits knowledge for 94 metros based mostly on the typical variety of searches for the next key phrases: layoffs, severance pay, recession, downsizing, unemployment, advantages, and furlough.

“We checked out Google Traits to get perception into what residents are looking for – and by extension, what they’re anxious about – relating to layoff-related tendencies and help,” SmartAsset stated of their research.

The Seattle-Tacoma-Bellevue area ranked third in highest layoff anxiousness. San Francisco-Oakland-Berkeley and San Diego-Chula Vista-Carlsbad positioned first and second, respectively.

“The Seattle-Tacoma-Bellevue metro space, a tech hub that’s residence to corporations like Amazon and Microsoft, has the third-highest common search curiosity (42.67) for the six key phrases associated to layoff anxiousness,” SmartAsset stated. “’Recession’ had essentially the most search curiosity out of the six phrases, adopted by ‘severance pay’ and ‘layoffs.’ ‘Unemployment advantages,’ against this, is the least standard out of the six search phrases.”

Inslee, lawmakers deal with workforce amid tech layoffs and lack in different industries

In accordance with 365 DataScience, tech corporations laid off greater than 150,000 staff in 2022 and one other 68,500 in January 2023.

“Clearly, we need to assist these folks to the extent that they’re having a transition of their lives,” Inslee stated in early January. “The excellent news is we nonetheless have a sturdy economic system within the state of Washington, and we hope we’re going to maintain them right here and discover them one other alternative.”