biospace: Do Mass Tech Layoffs Mean the Same for BioPharma?

“The mass layoffs in the tech industry can be traced back, in part, to the COVID-19 pandemic and the resulting rise in software and tech platforms that were built to accommodate a remote society, Joe Mullings, CEO of The Mullings Group, told BioSpace. 

“The tech sector over-hired during COVID for a number of reasons,” Mullings said. “One is that ‘The Great Resignation’ was going on, so people were hedging their bets there.”