"There are a lot more people than there are opportunities right now," Yaditshka Lozano said. "I feel OK, but I know that a lot of people right now are feeling kind of scared, don't really know what's coming next, if it's coming to their company."
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Pendo is the latest to scale back staff, eliminating 100 positions globally, including 42 in Raleigh. Pendo's CEO and co-founder Todd Olson cited economic uncertainty as part of the move.
Experts said tech companies hired aggressively during the COVID-19 pandemic and are having to recalibrate.
"What happened is tech companies said, wait a second, we need to watch our bottom lines,'" UNC Kenan Institute Chief Economist Gerald Cohen said. "We need to look at our costs and the biggest costs are people."
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However, despite the headlines involving major tech companies, all is not lost for those in the field with skills, according to NC TECH President and CEO Brooks Raiford.
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"Tech workers are in high demand," Raiford said. "We're seeing that eight out of 10 of the top hirers of tech talent in North Carolina are actually non-tech companies."
Lozano echoed Raiford and said she's seeing a shift from people working full-time to working as contractors.
"A lot of companies here still have work, people have to get them done, so there has to be a way for them to find jobs," Lozano said. "I think it'll probably take six months to a year but I do think things are going to change or turn around for the good in January."