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Laying off employees in today’s business and legal environment can often feel like a minefield and a potential public relations nightmare for employers. Layoffs are by their nature a complex and sensitive process with significant legal implications, especially when employees are working remotely. However, terminating employees virtually has proven to be even more difficult for […]
In the wake of economic shifts and technological advancements, the tech employment landscape is undergoing a significant transformation, highlighting an interesting trend: a substantial portion of displaced workers are shifting towards software development roles. What drives this trend, and what does it mean for the tech industry? Major layoffs at leading tech companies have challenged […]
In 2023, the job market experienced a swift downturn characterized by a wave of widespread layoffs. Not only did more than 100,000 tech workers lose employment, but so did hundreds of thousands of workers in other industries. By the end of the year, the loss was tremendous. Although eight million jobs were added, around 900,000 […]
Brittany Pietsch, a former account executive at Cloudflare, recently gained viral attention by sharing a nine-minute video of her termination on TikTok. Anticipating the termination after her colleague’s dismissal half an hour earlier, Pietsch titled the video, POV: You’re about to get laid off. Enjoy the trauma! 🙂 In the video, two company representatives who […]
The recent trend of layoffs across various industries, including major companies like UPS, Salesforce, and SAP, has sparked discussions about the role of Artificial Intelligence (AI) in these decisions. While some of these companies have hinted at AI’s role in driving efficiencies, the broader narrative about AI’s impact on jobs is more nuanced. Recent Layoffs […]
In recent months, the tech industry has faced a significant upheaval, marked by a series of high-profile layoffs from leading companies such as Microsoft, Salesforce, and Amazon. These layoffs, affecting thousands of skilled professionals, have not only unsettled the tech sector but also sparked a broader conversation about the future of work in an increasingly […]
While tech layoffs dominated news headlines last year, in a turn of events, companies now struggle to find qualified workers amid the shrinking tech talent pool. Today, the demand for tech talent significantly exceeds the supply, with the US Bureau of Labor Statistics predicting that this talent shortage in the software development field will increase to 1.2M […]
After Elon Musk fired middle managers in mass after his Twitter takeover, Zuckerberg called this trend “good for the industry.” Management expert Verity Creedy begs to differ. According to Creedy, VP of Product Management at global leadership company DDI, mid-level managers are being underutilized and unappreciated – when in reality, they’re the unsung heroes of […]
Tech talent shortages are top of mind for businesses worldwide as demand for cloud computing, IT skills, and artificial intelligence grows. According to research by digital infrastructure company Equinix, 62% of global decision-makers surveyed said a shortage of IT talent threatened their business success. In an interview with Forbes, one CEO called the tech talent […]
Amid all the talk about the Great Resignation and general labor market turmoil, it’s easy to forget that high labor demand is no longer applicable across all job functions and industry segments. Recruiters facing labor shortages in certain industries might want to consider expanding their search to include candidates from nontraditional backgrounds. Job Shortages May […]