Submission + - Analyst: Ugly Year for Tech Layoffs, and It's Going to Get Worse (ieee.org)
Tekla Perry writes: Global Equities Analyst Trip Chowdhry says his predictions of massive tech layoffs for 2016 were right, and the laid off workers will never again find tech jobs: “They will always remain unemployed,” at least in tech, he said. “Their skills will be obsolete" He also predicts worse news for tech employment in 2017, when the layoff tsunami hits startups and the tech bubble bursts. "The startup companies have exhausted the number of fools," he says. The bust starts in March and it all will last two years, according to Chowdhry's analysis.