Since the beginning of the COVID-19 pandemic, working from home became an option many companies implemented for part-time and full-time employees. However, working long hours began to affect employees’ mental health, which began the workplace trend of “quiet quitting.”

Although the majority of industries are aggressively hiring, there is one major sector that is going in the opposite direction of everyone else–the technology industry. The once-booming industry has begun laying off people or going through a hiring freeze.

A record number of 4.3 million workers left their jobs in August. ‘The Great Resignation,’ as many call it, has continued through the last couple of months, empowering many to resign from their jobs in search of something better.

One of the direst effects has been the financial impact that has resulted from job layoffs and mandated quarantines. The closing of bank branches across the United States reflects the economic impact many have had to endure.