Layoff fears may seem irrational, but economic downturns feel different when they affect you.
Most American workers are more concerned about their job security than they were a year ago, according to a new poll of 7,000 by the professional social network Blind. But job fears are reaching a new level here.
Many workers say they are more productive and focused when working from home, and don’t have to waste time commuting. On the other hand, employers believe workers collaborate better in person, which has been backed up by recent research. Up until now, a talent gap in tech has given an advantage to in-demand workers, who have for the most part held onto remote work adopted during the early days of COVID.
In this budding recession, laid-off workers competing for fewer and fewer jobs may find an old way to work, economists believe. They may go back to the office. At all of those big, stable companies, employees have been asked to return to the office at least part-time. That didn’t always go well. Over the past three months, job postings in the software development sector have fallen around 30% nationwide, more than any other sector, according to the jobs-tracker Indeed. In the Bay Area, overall job postings have fallen about 11% over that three-month span.“The recent fortunes of tech jobs could serve as a guide for the near-term outlook for the overall economy,” Nick Bunker, an Indeed research director wrote in a recent jobs report.Rosen, the longtime U.C.
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