32000+ Job cuts – where is the industry headed to?

We are in the second week of Feb 2024 and nearly 32000+ employees have been laid off till now in this year by the major corporations. Why is this happening and how long this trend is going to last?

What would be the final situation? How to be ready for the future?

My name is GK Palem, and I am a Consulting CTO for Startups and Medium-Tier companies. My mission is to help organizations be ready for the future and help them adapt emerging technologies (such as Web3, AI, Blockchain, Industry 4.0, and Metaverse solutions) to their business needs and challenges.

✅ If the answer is ‘yes’ to any of the below, you have found the right person – please feel free to get in touch with me:
• Need to create the Technology Strategy and Product Roadmaps for your organization?
• Scale your existing product architecture?
• Mentor your technology teams and scale them from 100+ employees to 2000+ and beyond?
• Define KPIs and put strong development processes in place?
• Deliveries are slipping and need to meet deadlines?
• Design high-performance scalable real-time architectures for your MVP?
• Create largescale multi-tenant PaaS, SaaS platforms that are vendor-agnostic?
• Want to adopt Artificial Intelligence (AI) into your existing product?
• Planning to automate/digitize your manufacturing processes (Industry 4.0) with Blockchain?

My website:

LinkedIn Profile:

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