Small businesses are trying to snap up Big Tech’s laid-off workers

Many small businesses have struggled to compete for talent in the tight labour market since the pandemic, unable to keep up with the robust wages and benefits that their bigger rivals have been able to offer. Tech companies such as Meta Platforms Inc and Amazon.com Inc have announced over 100,000 job cuts this year, giving smaller firms the chance to snag some of those workers. — Reuters

Layoffs at major US companies are translating into a recruiting opportunity for small businesses.

Job openings at small firms jumped 80% in February from the start of last year, compared to 20% for larger companies, according to a report from workforce intelligence firm Revelio Labs. That included greater interest from tech startups, which posted about 15% more openings in the three months through February compared to big tech companies.