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This is the way thousands of laid-off workers in the tech sector are looking for employment

It is estimated that 79% of laid-off workers can find a new job in less than three months.
It is estimated that 79% of laid-off workers can find a new job in less than three months.

Meta, Twitter, Amazon, Microsoft, Spotify. The list of layoffs in the tech sector continues to grow, and to get out of their employment situation, workers have organized themselves so that job seekers can find them more easily.

Through a public Excel file, employees of these companies share their personal information so that others can know them and contact them if they are interested in their profile.

There they publish data like name, position, account LinkedInCity or country of residence, work visa, years of experience, types of projects they have worked on, and more.

A total of 1120 people have shared employment information from different countries like Mexico, Singapore, Ghana, Canada, Ireland, Great Britain And a large percentage USA.

The laid-off workers are arranging to be employed soon.
The laid-off workers are arranging to be employed soon.

Let’s wait a bit to find a job

From 2022 to 2023, it is estimated that a total of 214,921 workers will be laid off in the technology sector. will be dismissed.fyi. This creates a very large pool of trained and experienced personnel available to other companies.

A panorama that moves very quickly because according to the survey ZipRecruiter79% of workers who were laid off last November found work after three months or less of searching.

Narrowing down the filter, 37% of them take up a new position in less than a month. while only 5% take six to twelve months to do so. So unemployment time is very low.

In the survey, 74% said the jobs they found were in the technology sector, keeping the workforce in the same line of employment. Only 6% start in retail, 5% in financial services and 2% in the healthcare sector, with the remaining percentage in various industries.

One reason for the mass layoffs is over-hiring during the pandemic.
One reason for the mass layoffs is over-hiring during the pandemic.

Why are there so many layoffs in the tech sector?

The employment crisis in this industry has two main reasons: Global economy i about recruitment. These clauses have meant that companies have no guarantees of continuing the workforce of previous years.

While the pandemic was an opportunity for growth, the decisions made then are already reflecting its consequences. As is the case with the large number of contract workers who must respond to the needs of working from home and the rise of online shopping.

“You have to consider that there has been a hiring boom since 2020 because there was an increase in companies during the pandemic, but this optimism is not reflected in higher earnings and the impact of the pandemic has already subsided. Seeing that in the future there won’t be as many resources to invest in this large number of workers,” says Edgar Medina, technology and digital marketing expert.

One point in this is the high laptop purchases that occurred in 2020 and 2021, but by 2022 it has fallen to a rate not seen since the 1990s, which will affect companies such as Microsoft.

In the fourth quarter of 2022, global PC shipments fell 28.5% year-on-year, according to Gartner, a market consultancy. The same thing happens when recording the total number of shipments in 2022 compared to 2021, which decreased by 16.2%.

A point that adds to the economic crisis is forcing customers not to change their devices, but to wait and make the most of what they already have at home.

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Source: Info Bae

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