Capital One Job Cuts Signal Trouble for IT Labor Market

IT positions have largely been seen as insulated from the job cuts that have hit workers at major technology firms like Alphabet Inc. and Microsoft Corp., but the Capital One layoffs affecting 1,100 employees provide an early indication that IT departments are also under scrutiny as companies enact belt-tightening measures amid recession fears.

Technology sector employment overall has remained stable, but job postings for future tech hiring have declined for the second consecutive month,…

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