IT Layoffs 2023: Which Are The Most Riskiest Jobs? And Safest Jobs Amidst Layoffs? Check This List!

IT Layoffs 2023: Which Are The Most Riskiest Jobs? And Safest Jobs Amidst Layoffs? Check This List!

Tech jobs until recently were viewed as the most secure jobs.

However, the recent spate of mass layoffs has tarnished that image, with prospective recruits thinking twice about their career at the IT industry’s leading companies.

The situation today

Until now, big name tech companies have been offering six-figure starting salaries straight out of college.

But that scenario has taken a turn for the worse with massive layoffs and a shrinking pipeline of talent.

Microsoft, which hired 58,000 people in the two years following the start of the pandemic, said last month that it was cutting 10,000 positions.

Along with Microsoft, Alphabet, Salesforce, and Meta have collectively laid off 41,000 so far.

In India, companies laying off in masse cited over hiring, funding challenges, and cost pressures.

Jobs safe from layoffs

There are some jobs where hiring has not been frozen.

Bloomberg reports that roles such as IT managers, Information Security Analysts, Web Developers, and Database Administrators have the highest job security in 2023 in the technology sector.

Mint reports that those in legal and strategy roles have remained untouched so far.

Client-facing teams, staff with strong digital skill sets are also safe.

However, there is a catch.

People whose jobs are secure can expect a cut in bonus and variable pay.

Jobs at risk

Roles facing redundancy threats are Customer Support, Basic Coding, and Maintenance Teams.

Firms are also letting go staff from Sales, DevOps, Support Staff, and Admin.

Also at a major risk of layoffs are Engineers and Support Teams.

Indian IT firms such as Tata Consultancy Services Ltd, Infosys Ltd, Wipro Ltd, and HCL Tech have already announced that they will honor all Campus Hires, but recruits will face stringent screening tests.

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