McKinsey tech trends report highlights tech job retrenchment

Technology Trends Outlook 2024 also highlights robust business interest and investment in transformative innovation and technologies.

According to this detailed and thought-provoking report, investment and hiring has declined in the tech sector in 2023 as a result of “rising financing costs and a cautious near-term growth outlook” which is “prompting investors to favour technologies with strong revenue and margin potential.”

Technology equity investments fell by 30-40% to

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