Tech Layoffs Open New Opportunities
By Jeff Altman, The Big Game Hunter
LinkedIn carried a link to a story about the slowdown in tech. They summarized it by saying, “Amid the influx of layoffs, hiring freezes and rescinded job offers in tech, some industry leaders are trying to seize the moment and hire top talent. While almost two-thirds of respondents to CNBC’s Technology Executive Council survey say it’s gotten “harder or significantly harder” to find qualified candidates, over half say changes in the labor market offer “the chance to bring in top-level talent that they otherwise might not have attracted.”
This links to the story on CNBC.
Mark Rossoff who holds the title of Editorial Director added, “Good counterpoint to all the tech gloom and doom stories – on the ground, it’s still a red-hot market for technical workers, despite scattered layoffs in crypto and startups and some belt tightening in big tech.”
I commented:
Is it possible to consider that the music is starting to slow down. It doesn’t mean you have to instantly find a chair. It does mean that you have to start looking for one. Even in the article, “”It was more of a re-evaluation in how growth may like in a worsened market.” I skipped the end of the sentence because it offers examples. Usually, when firms do a “re-evaluation, it means, “Stop what you’re doing. We need to think about what’s next because it is not what we thought it would be.” Particularly for calendar year corporations where they are in a budget cycle right now, tell me what manager, director or VP is going to go into their boss’ office to proclaim that we need to hire 50 new people for a new project next year. This next statement is an opinion. I believe if we are not already in the second consecutive quarter of declining GDP, we inflated or federal government spent our way out of it (GDP is not indexed and the federal government is buying weapons for Ukraine). Private sector hiring seems more complicated and by next year, you better have your butt firmly in a chair being productive to have a chance to survive layoffs. And I would be thrilled to be wrong.
ABOUT JEFF ALTMAN, THE BIG GAME HUNTER
Jeff Altman, The Big Game Hunter is a career and leadership coach who worked as a recruiter for more than 40 years. He is the host of “No BS Job Search Advice Radio,” the #1 podcast in iTunes for job search with more than 2400 episodes. He also hosts Job Search TV on YouTube, and Amazon, as well as on BingeNetworks.tv for Apple TV and 90+ smart sets.
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