Chamber of Progress highlights rising layoffs, need for investment in tech
In the lead up to the State of the Union Address, Chamber of Progress sent a letter urging President Biden to offer a tech job-growth agenda as part of his address. The letter follows on an estimated 200,000 layoffs in the tech sector over the past year, a slump in global venture funding, and the closure of many tech startups.
Read the full letter to President Biden on his upcoming State of the Union here.
“Tech has created millions of jobs and has put the U.S. at the cutting edge of global innovation, and now it’s facing economic headwinds,” said Chamber of Progress CEO Adam Kovacevich. “If we want the U.S. tech economy to continue to lead the world, lawmakers need to look for ways to boost investment through this slowdown with a job growth agenda. Americans want to see more tech jobs in their neighborhood, not a breakup of Amazon Prime.”
For more on the economic challenges facing the tech sector and a possible path forward, read Senior Economist Kaitlyn Harger’s post, “Tech has shed nearly 200k jobs since January 2022. We need strategies to grow U.S. digital jobs again.”
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Chamber of Progress (progresschamber.org) is a center-left tech industry policy coalition promoting technology’s progressive future. We work to ensure that all Americans benefit from technological leaps, and that the tech industry operates responsibly and fairly.
Our corporate partners do not have a vote on or veto over our positions. We do not speak for individual partner companies and remain true to our stated principles even when our partners disagree.