IT was not so long ago that the tech ecosystem was driving up the costs of rentals and manpower. But the sector is now showing signs of slowing, with multiple companies announcing hiring freezes and layoffs.

In the United States, big names like Meta have paused their hiring for certain functions, while crypto players like Coinbase have slashed their headcounts.

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In such times, one company’s loss can easily end up as another company’s gain. Those in a better financial position would be able to use the opportunity to snap up experienced talent.

Indeed, several companies continue to advertise roles. Career platform NodeFlair posted 11,854 job listings in the first quarter of 2022, although this was down slightly from the the third quarter 2021 listings total of 12,239. (The fourth-quarter data is not generally useful for comparison as hiring typically slows in December)