Seattle tech workers have some of the worst ‘layoff anxiety’ in the US

Feb 16, 2023, 12:01 PM
layoff anxiety...
SAN FRANCISCO, CA - NOVEMBER 04: Twitter headquarters stands on 10th Street on November 4, 2022 in San Francisco, California. Twitter Inc reportedly began laying off employees across its departments on Friday as new owner Elon Musk is reportedly looking to cut around half of the company's workforce. (Photo by David Odisho/Getty Images)
(Photo by David Odisho/Getty Images)

Thousands of tech workers in western Washington have been affected by recent layoffs at some of the largest tech companies in the world, including Microsoft, Google, Facebook, and Amazon, and layoff anxiety is running rampant.

Just this month, there have been at least 48,000 job cuts announced by major companies in the sector.

Microsoft announces next round of layoffs in Washington

SmartAsset, a personal finance company, ranked the U.S. cities with the most layoff anxiety using Google Trends data for 94 metros based on the average number of searches for the following keywords: layoffs, severance pay, recession, downsizing, unemployment, benefits, and furlough.

“We looked at Google Trends to get insight into what residents are searching for – and by extension, what they are anxious about – when it comes to layoff-related trends and assistance,” SmartAsset said in their study.

The Seattle-Tacoma-Bellevue region ranked third in highest layoff anxiety. San Francisco-Oakland-Berkeley and San Diego-Chula Vista-Carlsbad placed first and second, respectively.

“The Seattle-Tacoma-Bellevue metro area, a tech hub that’s home to companies like Amazon and Microsoft, has the third-highest average search interest (42.67) for the six keywords related to layoff anxiety,” SmartAsset said. “’Recession’ had the most search interest out of the six phrases, followed by ‘severance pay’ and ‘layoffs.’ ‘Unemployment benefits,’ by contrast, is the least popular out of the six search terms.”

Inslee, lawmakers focus on workforce amid tech layoffs and shortage in other industries

According to 365 DataScience, tech companies laid off more than 150,000 employees in 2022 and another 68,500 in January 2023.

“Obviously, we want to help those people to the extent that they’re having a transition in their lives,” Inslee said in early January. “The good news is we still have a robust economy in the state of Washington, and we hope we’re going to keep them here and find them another opportunity.”

Local News

Nate Connors

Weekend Traffic Report: NCAA March Madness comes to town

NCAA Women's Basketball is heading to Climate Pledge Arena Friday through Monday. Friday's game starts at 4:30 p.m.
21 hours ago
Bill Kaczaraba

Starbucks CEO Narasimhan plans to ‘reinvent’ the company

Starbucks new CEO Laxman Narasimhan held his first shareholder meeting Thursday and offered proposals to reinvent the company.
21 hours ago
(KIRO 7)...
KIRO 7 News Staff

Aurora borealis captured in night skies across Washington

Although the aurora was hidden behind clouds, parts of the region were lucky enough to catch a glimpse of the display.
21 hours ago
Frank Sumrall

10-month-old girl found after being abducted near Des Moines area

Washington State Patrol (WSP) searched and found a 10-month-old Gihanna Smith, who was allegedly abducted.
21 hours ago
Frank Sumrall

Remo Borracchini, owner of beloved 100-year-old bakery, dies at 92

But, like many other local community establishments, Borracchini’s had to close due to the COVID-19 pandemic.
21 hours ago
seattle humane...
Nicole Jennings

Pet surrenders up at Seattle Humane, not likely to slow down

The number of pets being surrendered at Seattle Humane is on the rise. Many people can no longer afford to keep their dogs and cats.
21 hours ago

Sponsored Articles

Emergency Preparedness...

Prepare for the next disaster at the Emergency Preparedness Conference

Being prepared before the next emergency arrives is key to preserving businesses and organizations of many kinds.
SHIBA volunteer...

Volunteer to help people understand their Medicare options!

If you’re retired or getting ready to retire and looking for new ways to stay active, becoming a SHIBA volunteer could be for you!
safety from crime...

As crime increases, our safety measures must too

It's easy to be accused of fearmongering regarding crime, but Seattle residents might have good reason to be concerned for their safety.
Comcast Ready for Business Fund...
Ilona Lohrey | President and CEO, GSBA

GSBA is closing the disparity gap with Ready for Business Fund

GSBA, Comcast, and other partners are working to address disparities in access to financial resources with the Ready for Business fund.

Medicare open enrollment is here and SHIBA can help!

The SHIBA program – part of the Office of the Insurance Commissioner – is ready to help with your Medicare open enrollment decisions.
Lake Washington Windows...

Choosing Best Windows for Your Home

Lake Washington Windows and Doors is a local window dealer offering the exclusive Leak Armor installation.
Seattle tech workers have some of the worst ‘layoff anxiety’ in the US