<ul><li>Tech industry layoffs have hit program managers and CXOs hard, struggling to secure new roles as their positions evolve, demanding different skill sets.</li><li>In 2023, over 200,000 tech workers faced job cuts, reflecting a shift from a jobseeker's market to layoffs, driven by overhiring and misjudged growth prospects post-2021's venture capital boom.</li><li>Overestimation of growth prospects and economic downturn forced startups to focus on profitability, leading to a tech talent layoff wave. Companies hired beyond their means, assuming constant market liquidity.</li></ul>

Why program managers and CXOs are still out in the cold and jobless

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