Program managers and CXOs in the tech industry are facing challenges finding new job opportunities after widespread layoffs. Over 1,000 tech companies laid off over 150,000 employees in 2022, and in 2023, over 800 tech companies laid off over 200,000 workers.
Factors such as overhiring, economic downturn, and misjudgment of growth prospects contributed to the layoffs. Program managers, in particular, find it difficult as their roles evolve, requiring additional or different skills.
The job market is now stabilizing, with moderate salary hikes and companies focusing on hiring in junior roles rather than mid-senior levels.