Remember the sweeping layoffs the tech sector saw earlier this year? Some 937 tech companies laid off roughly 232,600 employees, with heavyweights such as Meta Platforms Inc META and Microsoft Corp MSFT cutting upwards of 5% of staff. It seems that trend may be replaced with a different one as companies try to retain top talent. What Happened: U.S. companies are increasingly opting for "reassignment" of employees to different roles within the company, rather than laying them off.