Most of the workers laid off in the US during the pandemic have started their own businesses (some still can’t find a job)
March 6, 2023
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The COVID-19 pandemic, which entered our lives at the end of 2019, has affected both our business and private lives. While many companies switched to remote working, some
The COVID-19 pandemic, which entered our lives at the end of 2019, has affected both our business and private lives. While many companies switched to remote working, some companies had to lay off many of their employees due to loss of income. Some of these layoffs even continued after the pandemic.
US-based consulting firm Clarify Capital conducted a survey of 1,000 technology company employees who were laid off during the pandemic, examining what they did after they left their jobs. The results are quite surprising.
Many are self-employed, others are still unemployed.
According to the survey organized by Clarify, technology workers who have been laid off during the pandemic period 63% start their own business and startup after leaving the company. While the majority of those who start their own businesses resort to this path for professional purposes and to earn more money, some say they started their own business or became a partner in a company because they couldn’t find a job.
In addition, 93% of the 1,000 employees who have left their company have has established a competitor for the company he works for or works for a competitor.. In addition, 1 in 4 employees of their job in the technology sector cannot find a job, and A portion of workers who did not choose to start a business are still looking for a job. under the information in the report.
So where do employees who leave companies get the money to start their own businesses?
In the survey, 72% of employees said they received the necessary budget from friends to start their new business, while 71% said they came to the aid of their relatives. The number of crowdfunding applicants such as Kickstarter and Indiegogo are reported as 37% and 34%.
On the other hand 50% of the employees who started their business They start receiving customers within 4 to 8 months. and they start making significant amounts of money. In addition, more than 50% of employees who start their own business say that despite all the difficulties they find a better work-life balance and that their work feels safer.
The survey also states that almost all employees who have started their own businesses and are still looking for work are concerned about the future of the technology sector and the competition in this sector. The main reason for this concern is economic uncertainties and the rapid increase in competition.
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.