Capital One job cuts signal that IT departments aren’t always safe in layoffs

The IT department has mostly been insulated from the slew of recent Big Tech job cuts; however, Capital One’s recent cut of the “agile” team in its IT department could be a sign that IT workers aren’t always safe, The Wall Street Journal reported Jan. 20.

Advertisement

The bank’s layoffs affected 1,100 workers. The restructuring comes as job postings for tech jobs have declined for the second consecutive month, according to IT trade group CompTIA.

Some CIOs are looking toward job sharing, contract work and rotations to survive the economic crunch.

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Disruptors

  • OpenAI signed its first international hospital partnership with Ramat Gan, Israel-based Sheba Medical Center. The deal, according to a July…

  • Microsoft is continuing to hire for health tech roles including a forward deployed AI engineer position tied to its healthcare…

  • Amazon is hiring software and applied-science leaders, AI engineers and a healthcare cybersecurity specialist — the kinds of roles hospital…

Advertisement

Comments are closed.