Despite recent layoffs in the tech industry, wages in the sector are still expected to grow slightly this year, said experts

However, wage growth will likely be slower than the 7.6 per cent growth in the sector in 2022, and the 22 per cent growth in 2021

Although wage growth is expected to slow in 2023, companies should not see this as a time to hire tech talents for lower wages, experts said

This is because their skills are still in demand, with firms outside of tech competing for such talent