The tech sector has been the focus of a recent wave of job losses in the United States and elsewhere, with many of those laid off after the presidential election.
But that isn’t the only job lost in the tech industry.
Here’s a list of some of the jobs lost in all sectors since Donald Trump became president:Business and financial services and technology industries, which include everything from software and hardware to technology systems and information technology, have lost more than 5,000 jobs since the election.
“There’s been an increase in tech layoffs, especially in tech-heavy industries like healthcare, retail, food services, and even retail,” said Brian Hwang, chief investment officer at Hwang Capital, a Chicago-based investment firm.
“There’s a lot of money in those industries, so it’s a little harder to attract people.”
In the past several years, many of the tech jobs have shifted from tech startups to high-tech firms, according to Hwang.
Some of those high-profile firms have experienced steep losses.
In the fourth quarter of 2017, Facebook lost $4 billion in its most recent quarter.
Google and Uber have also been hit hard.
Hwang also points out that the economic recovery is now starting to slow.
Many companies have been unable to attract new talent and many are also laying off workers, he said.
“It’s a sign of the times that some companies are starting to look for ways to cut costs and invest in their core operations,” Hwang said.
While the economy has been improving, many industries are struggling to stay competitive, said Jason Johnson, chief economist at UBS.
That includes tech.
“The big tech companies are still struggling,” Johnson said.
“The economy is still recovering, but the tech sector is still seeing a slowdown,” he said, adding that the U.S. tech sector could still see more job losses than the economy as a whole in the coming years.
In the last several months, several of the biggest tech companies have seen big increases in the number of employees.
Facebook added 3.1 million workers in its fourth quarter, the largest gain of any tech company.
Twitter added 2.6 million employees in the same period.
And Amazon added 462,000 workers in the fourth-quarter, its biggest gain since it began reporting quarterly numbers in October.
While there is a lot more room to grow, there is still room for companies to make adjustments in their hiring practices, said Hwang of Hwang’s Capital Advisors.
“They’re not going to just sit back and watch the economy pick up,” he explained.
“Companies are going to have to figure out how to make investments in their workforce and in their products to retain the talent they need.”
The tech sector as a percentage of the U., S. and Canada economies rose from about 25 percent in the mid-2000s to 37 percent in 2017.
The U.N. Economic and Social Commission for Asia and the Pacific, a global body, estimates that as many as 40 percent of all jobs in the U, S. or Canada are at risk.
While technology-focused companies have had a tough time attracting workers, the growth in other sectors has helped the tech-focused sector stay strong.
For example, companies such as LinkedIn, Apple, Salesforce, Google, Twitter, and Uber, which are heavily reliant on technology to help deliver their services, have added hundreds of thousands of jobs since Trump was elected president.