The tech layoff contagion is hitting automakers — but not like Google, Meta, Microsoft
Chris McCarthy, global transportation lead at management consulting firm North Highland, called these waves of downsizing in the auto industry a"generational layoff" that differs from what is happening in the tech world right now because some of these jobs are being replaced with new ones.
That will be a difficult equation to balance in the years ahead, Martin French, managing director at the consultancy Berylls, told Insider. In French's view, the tech industry is taking a page from Detroit's playbook as it trims its ranks this year. He's skeptical of claims that tech companies are already victims of an economic downturn, and instead believes these companies are bracing for the worst before a true"bloodbath."
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