Tech layoffs are a fact of life in the industry, but they aren’t necessarily inevitable. Companies that are prepared can mitigate the impact and position themselves for long-term success. By building a resilient and adaptable team, implementing cost-saving measures, and communicating effectively with employees, they can build a culture of trust and loyalty.

However, a few tech companies are shedding workers in order to reduce their operating expenses, create efficiencies, and prepare for the possibility of a recession. The most common reasons for layoffs are:

As the economy slows, consumer spending drops, which causes businesses to struggle with revenue generation. One way to combat this is by reducing operating expenses, like salaries and wages. Other experts say that the tech sector has been signaling for months that it’s time to slow down hiring and take headcount-reducing measures.

As big tech companies lay off vast numbers of talent, it’s actually a smart time for startups to hire. By doing so, they can leverage the surplus of candidates in the market and attract top talent at a lower rate. The roles most likely to be affected by tech layoffs are UX/design specialists, customer success managers, and data scientists. Despite being laid off, these positions have seen the most successful job search results: 47% of UX/design specialists and 42% of customer success managers have started new roles. Meanwhile, program managers and software engineers have found new jobs at a slower pace: 27% of those who have been laid off have begun a new role.