Introduction: In recent years, tech layoffs have become an unfortunately common sight across many industries with some companies predicting more job losses as soon as 2023. This has left many tech firms wondering what this means for their talent and how they should move forward. In this blog, we will be unpacking the impact that … Continue reading What are the longterm impacts of the layoffs in tech?
During the past year, tech layoffs have become commonplace – particularly in recent months as big and small businesses alike had to scale back after hitting a peak of profits throughout this pandemic. While it’s clear that countless newly unemployed tech employees are searching for their next gigs, what isn’t certain is where exactly they will end up. Continue reading What impact will the layoffs in Tech have on the industry?
In 2008, 65,000 tech employees lost their jobs; this number was mirrored in 2009 according to Challenger, Gray & Christmas only global outplacement and career transitioning firm. By comparison, 965 tech companies laid off more than 150,000 employees this year globally, surpassing the Great Recession levels of 2008-2009. Notable tech companies, such as Amazon, Twitter, … Continue reading Economist believe tech layoffs to surpass Great Recession
The U.S. economy shrank during the first half of the year as consumer sentiment plummeted with rumors of high inflation and turmoil abroad. There were also a few big corporate names that slashed thousands of jobs but the U.S. job market did not miss a beat. U.S. employers announced only 20,485 layoffs in August, the … Continue reading Update: Economy slumping, Hiring isn’t slowing down
I was kind of digging the trendy new names for the eras we were experiencing in recruiting. Unlike boring titles like the Bronze or Silver Age, we got great ones like: Great Rethinks, Resignations, and Corrections. But now, I’m over them-especially when they’re coined to put a negative connotation on some of the few bright spots that came … Continue reading Ok, I’m tired of hearing “Quiet Quitting”
Here’s your around the world in two minutes! 🍻 and 🚬 tell a story The high rate of inflation has forced American consumers of both alcoholic beverages and tobacco products to shift away from Budweiser and Marlboro and toward cheaper, lower-priced brands like Icehouse and Eagle 20, according to one report. Retailers are reporting customers … Continue reading Recruiting News Update: What’s happening and what to do about it
If you are confused by the weird, contradictory signals that are being sent out about the American economy at this moment, you are not alone. Typically, the challenge during recessions is businesses do not want to hire, and consumers do not want to spend. Right now, businesses want to hire, but they cannot find workers to … Continue reading Recruiting Economic Update-The confusing numbers and what they mean for recruiters.
I know recruiters are busy, especially now with the turmoil in the industry including higher requisition counts, lower candidates in the pool and inflation driving demand for higher pay higher. Since I’m a giver, I thought I’d provide a quick summary of some key economic news affecting recruiters. 🍻 and 🚬 tell a story The … Continue reading Recruiting Economy News: Beer, Cigarettes, The Mighty Dollar and more
