IT workers

Serbian IT sector faces continued layoffs amid global trends, challenges in retaining talent

Despite signs of recovery in the global IT sector, layoffs remain prevalent both internationally and within Serbia, although at a reduced pace. Over the past two years, more than 400,000 IT workers were laid off worldwide, and Serbia was not immune to this trend. According to a recent survey by the Serbian IT Association (SITA), 61% of IT companies in the country have had to reduce their workforce, with 27% of firms cutting up to 5% of their employees, and…