Redundancies - Doom and Gloom OR Golden Opportunity
Recently, there have been a number of high-profile redundancies (layoffs) in the tech industry (Meta, Google, Twitter, Salesforce to name a few). While it's easy to see the negatives in this situation, there are also a number of positives that come out of it for both individuals and businesses.
BUSINESSES:
The first positive is that there will now be more talent available and this is welcome in a market with a talent shortage.
When companies announce layoffs, they often do so with little warning. This means that there are a lot of highly skilled workers who are suddenly looking for jobs. If your company is in a position to hire, you have a great opportunity to snap up some top talent that you might not have otherwise had access to.
Another positive is that these individuals will likely be very motivated. When someone loses their job, it can be a major blow to them. As a result, they'll be looking to prove themselves in their next role. This means that they'll be more likely to go above and beyond in their work in order to make a good impression.
So if your company is in a position to do so, take advantage of this golden opportunity.
TO THE INDIVIDUALS
While this may seem like bad news at first, it actually presents a unique opportunity for IT professionals who are looking for a change. It can result in a great new role with excellent rewards and new challenges and career potential.
Here's why.
- There are more jobs than there are people to fill them. There is still a massive demand for tech talent.
- Companies are willing to pay top money for top talent.
- You can use any redundancy to invest in your future with additional training – or that long desire holiday.
Whilst being made redundant is never fun, it doesn't have to be the end of the world — especially if you're in the tech industry. Thanks to the ever-growing demand for tech talent, there are more opportunities than ever before—and companies are willing to pay top money for top talent.
So, while it may be difficult to see past the current gloom and doom of a redundancy, it's important to remember that there is always light at the end of the tunnel. Don't despair — view it as a golden opportunity to invest in your future and take your career to the next level.
It's important for everyone, businesses and individuals, that recessions and redundancies are nothing new to the tech industry. In fact, they're arguably part of the reason why the tech industry is as strong as it is today. Every time there's a downturn, it leads to innovation and new opportunities. For example, during the last recession (Covid era), we saw the rise of cloud computing and mobile technologies — both of which have had a profound impact on the way we live and work. So, while there's no denying that redundancies are always painful in the short term, they also have a way of leading to new opportunities in the long term. #tech #itjobs #salesforce #redundancy