The Australian technology sector is bracing for widespread layoffs as companies look to control costs | MsEmmaK
The Australian technology sector is bracing for widespread layoffs as companies look to control costs, with local technology leaders saying startups will need help to recruit fresh talent once the coronavirus pandemic is over.
"I think policy that both encourages more R&D spend, encourages more hiring and encourages people to develop skills that might be in high demand, those are the kind of policies we need."Square Peg Capital partner Paul Bassat said it was important post-Covid startup policy focused on hiring and investment.Meanwhile, chief executive of lobby group StartupAus Alex McCauley said the true cost of job losses in the tech sector was not yet fully known.
"I think there has already been a huge hiring slowdown and there will continue to be, until there is a rebound," Mr McCauley said.
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