As the technology industry and broader economy are hit with a perfect storm of inflation, rising interest rates, recession fears and Russia’s war in Ukraine, some tech companies that have been aggressively hiring now are laying off workers across all functions, with others moving to cut costs, planning to slow or pause hiring.
Still demand for IT workers remains strong.
Employer job postings for new tech hiring totaled 505,663 in June, up 62% from the same month a year ago, according to analysis of the recent jobs report by CompTIA. The unemployment rate for tech occupations is 1.8%, compared to the overall national unemployment rate of 3.6%.
Asked by a reporter for CNN Business to address the situation, Harley Lippman, Genesis10 CEO, said that one trend he sees emerging is a greater tendency to hire contractors rather than permanent employees because of the flexibility it provides companies. "Work still has to get done," he said.
Genesis10 CEO Harley Lippman was recently recognized as a Best CEO for Diversity and a Best CEO for Women by Business Insider. Staffing Industry Analysts consistently recognizes Genesis10 as a Top IT Staffing Firm.
Harley’s leadership extends beyond business. He serves on the boards of leading business, academic, and policy institutions. His appointments include the U.S. Agency for International Development’s Partnership for Peace Advisory Board, where he helps advance efforts to foster trust and cooperation between Israelis and Palestinians. He has also served, by presidential appointment and Senate confirmation, on the U.S. Commission for the Preservation of America’s Heritage Abroad under multiple administrations.
He sits on the boards or advisory councils of Yale University’s School of Management, Columbia University’s School of International and Public Affairs, the Brookings Institution, The Washington Institute, the Middle East Forum, and the American Israel Public Affairs Committee (AIPAC), where he serves on the Political Leadership Council and Executive Committee.
Previously, Harley served as public director of the New York Mercantile Exchange and held leadership positions with the American Jewish Congress and the America-Israel Friendship League.
A committed philanthropist, Harley is the sole financial supporter of an orphanage in Cambodia, where he has helped dozens of children access education and opportunity, including funding college tuition for many. He has also led efforts to identify and memorialize unmarked Holocaust mass graves in Eastern Europe, helping preserve the memory of those lost. His documentary, Safeguarding Memory, aired on PBS and received two awards for its impact and storytelling.
Harley continues to combine business leadership with civic responsibility, making lasting contributions to the fields of technology, education, diplomacy, and remembrance.