Tech layoffs loom as companies cut costs, but some still pay top dollar.

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Source: Slashdot
Tech layoffs loom as companies cut costs, but some still pay top dollar.
Photo: Slashdot
TL;DR Summary

Despite mass layoffs in the US tech industry, companies are still hiring in areas they see as mission-critical, with contract positions commanding $120-an-hour wages. The tech industry now claims the biggest share of market value in the S&P 500, accounting for about one-quarter of the index, and about 6% of US gross domestic product, with the average pay in tech nearly twice that of the typical US worker.

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