---
title: CNN and Harley Lippman on Slower Hiring | Genesis10
description: Tech companies are laying off workers and slowing hiring, demand for tech talent remains strong, CEO Harley Lippman shares observations on CNN Business.
---

[News Center | Genesis10 ](https://www.genesis10.com/news-center)

# [CNN and Harley Lippman on Slower Hiring | Genesis10](https://www.genesis10.com/news-center/slower-tech-industry-hiring)

 Written by [Harley Lippman](https://www.genesis10.com/news-center/author/harley-lippman) | Jul 14, 2022

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](https://www.comptia.org/newsroom/press-releases/2022/07/08/tech-jobs-growth-exceeds-expectations-for-the-month-comptia-report-shows) 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](https://www.cnn.com/2022/07/07/tech/tech-layoffs-workers-silicon-valley/index.html) 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](https://www.genesis10.com/our-ceo) was recently recognized as a [Best CEO for Diversity](https://www.genesis10.com/news-center/best-ceo-for-diversity-2022) and a [Best CEO for Women](https://www.genesis10.com/news-center/best-ceo-for-women) by Business Insider. Staffing Industry Analysts consistently recognizes Genesis10 as a[ Top IT Staffing Firm.](https://www.genesis10.com/news-center/genesis10-a-top-u.s.-it-staffing-firm-2021)

 

[View full post](https://www.genesis10.com/news-center/slower-tech-industry-hiring)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Harley Lippman"
  },
  "dateModified" : "2026-06-03T16:26:06.033Z",
  "datePublished" : "2022-07-14T16:15:06Z",
  "headline" : "Genesis10's Harley Lippman on Slower Hiring, CNN",
  "image" : {
    "@type" : "ImageObject",
    "height" : 395,
    "url" : "https://682242.fs1.hubspotusercontent-na1.net/hubfs/682242/Harley-Lippman-on-Slower-Tech-News5.png",
    "width" : 711
  },
  "mainEntityOfPage" : "https://www.genesis10.com/news-center/slower-tech-industry-hiring",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Genesis10 News Center"
  }
}
```