Bright story of growth in GCC space awaits us beyond layoffs

Every week, news of layoff of staffers in global technology firms are making the headlines. This week, reports of LinkedIn’s plans to sack around 600 employees came, while it coincided with Meta’s decision to layoff around 8,000 staffers globally. In recent months, the intensity of mass layoffs has increased, creating anxiety among staffers. For instance, around 10,000 staffers of Oracle lost their jobs this year as the company undertook a mass layoff globally for focusing on AI infrastructure investment.