Many companies have recently needed to cut costs by issuing layoffs. Giant firms like Shopify, Netflix, Robinhood and more have all lowered their headcount this year, according to Crunchbase. Though this loss of stability and income tends to put former workers on edge about the future, these abrupt changes can also hold unexpected upsides.
When layoffs occur, positive outcomes can emerge from this situation as newly unemployed individuals explore new career paths. With the right approach, companies can harness the talent that is newly freed up, and job seekers can find new opportunities to reenter the workforce.
Many people who are new to consulting find it to be a rewarding career change. Assignments in the tech industry are especially appealing and often involve exciting, cutting-edge work. Plus, these jobs allow people to apply specialized skills where they’re needed most.
Tech Trends
Tech remains a dynamic and rapidly-growing part of the economy, cutting across multiple sectors, and touching everything from goods to services and in between. The resilience of technology is evident in its vast proliferation. For companies these days, being agile and competitive hinges on completing the digital transformation initiatives that will enable the high level of service customers have come to expect as standard.
With this in mind, the tech sector is one place that will remain open to those who are seeking work, including the recently laid-off. The search for talent remains competitive, so prospects are good for skilled individuals who are ready to get back to work. There is reason to remain optimistic in the coming months, because growth and demand continue to shift, but certainly haven’t disappeared.
Managing Uncertainty
Anxiety about the possibility of an economic downturn is understandable, but it's important to remember that layoffs don't necessarily signal one. There are a variety of factors that can contribute to these decisions, and not all of them indicate an impending recession.
Sometimes, companies lay off workers in response to short-term market conditions or in anticipation of a change that may not materialize. Other times, layoffs are simply a result of poor planning or company restructuring. While it’s important to keep an eye on trends, it’s also wise to consider them in the context of the larger marketplace movements, and look for the balancing half of the equation.
For workers seeking to find their next assignment, there remain a wide range of focus areas in tech that continue to hire regularly. Even if this means pivoting to a different industry, or upskilling to meet the latest job requirements, there are plenty of openings to apply for.
The New Talent Landscape
At Aditi Consulting, we work to find the best talent available for our valued clients. Our network of skilled consultants benefits from a hybrid model that allows us to offer nearshore, offshore, and onshore capabilities. Utilizing global connectivity enables us to offer a flexible business model, so that execution and delivery is ensured no matter the specifications.
If you’re looking for work, we have job opportunities for you to explore here.
Want to know how Aditi can supply the candidates your business needs? Learn more about talent on demand on this page.