#LunchtimeMarketing: Why are we seeing so many layoffs in the marketing and IT sectors?

The marketing and IT sectors are facing a high number of layoffs. Companies cite reasons such as the pandemic boom, overhiring during the pandemic, fear of recession, and inflation.
Additionally, companies are highlighting cost-cutting measures, subpar performances and financial difficulties as reasons for the mass firings. The IT industry has been particularly affected, with tens of thousands of employees losing their jobs.