Talking Talent’s Post

Neeti Sharma, CEO, TeamLease Digital got featured in Business World to discuss her views on layoffs in the IT industry. She shared that layoffs were quite rampant in the last year and several jobs were directly impacted globally and in India. Read more: https://lnkd.in/gpsDubMu #itindustry #itjobs #techjobs #techindustry #layoffs #masslayoff #ithiring #itstaffing #staffing #recruitment #techstaffing

𝐃𝐞𝐜𝐨𝐝𝐢𝐧𝐠 𝐓𝐡𝐞 𝐓𝐫𝐚𝐢𝐥 𝐎𝐟 𝐋𝐚𝐲𝐨𝐟𝐟𝐬: 𝐖𝐡𝐚𝐭 𝐋𝐢𝐞𝐬 𝐀𝐡𝐞𝐚𝐝 𝐅𝐨𝐫 𝐄𝐦𝐩𝐥𝐨𝐲𝐞𝐫𝐬 𝐀𝐧𝐝 𝐄𝐦𝐩𝐥𝐨𝐲𝐞𝐞𝐬 The years 2022-23 saw a large number of layoffs by both big and small companies. This trend continues in 2024, with 60,000 job cuts already reported by 254 companies, according to the independent layoff tracker Layoffs.fyi. Major IT firms like Microsoft, Google, Amazon, Tesla, and TikTok have laid off a significant portion of their workforce in January 2024.... 𝐓𝐨 𝐑𝐞𝐚𝐝 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐍𝐞𝐰𝐬👉https://lnkd.in/gFjw3qEN #JobCut #Layoffs #TechLayoffs #financialcrisiss #killedworkforce #jobinsecurity #DigitalTerminal

These 5 tech companies that are ALWAYS hiring....which is crazy to think about because they just did layoffs. However, when I took a look at their career pages, it seems like they're hiring again for roles. Take a look at this carousel to find which companies + roles they're hiring for, and visit their site to apply today! -- If you need more tips – follow Akanksha Dublish for more! #CareerGoals #ProfessionalDevelopment #Networking #CareerJourney #CareerChange #Employment #Hiring #JobInterview #Inspirational #Motivational

Happy New Year! Unfortunately, I have some "not-so-happy" news... Layoffs are still a serious concern in 2024. According to Resume Builder, nearly 40% of companies surveyed said they intend to have layoffs in 2024 and HALF said they would likely have a hiring freeze at some point this year. If I've said it once, I've said it a million times - January and February have the HIGHEST RATE OF HIRING for the entire year!!! If you're concerned about layoffs or trying to get back into the job market after being laid off - LET'S TALK! If we start now, we can have you sending out applications by the end of next week. If you're waiting until you get laid off to start the process, you're already too late. There are folks who were laid off in October 2022 who are STILL looking for a job! Don't wait. Sign up for a consultation: https://lnkd.in/eWGYqmq6 https://lnkd.in/eq6UgwF2 #layoffs #layoffs2024 #newyear2024 #hiringnow #interviewquestions #jobmarket #newjob #techindustry #uber #meta #amazon #careercoach

😏 💭 A Cynical Take: Looking for a job in tech? Use this comprehensive list of 2024 tech layoffs to build out your target companies/markets. Many of these companies you know and/or work(ed) at. . . 💡 Or use this list as confirmation that it might be time to diversify the job search to other industries. #tech #layoffs #sarcasm #jobsearch #techcrunch

We want to know about the professional landscape out there, but let's address the harsh reality first: the widespread mass layoffs shaking the job market. Companies across the board are cutting down their workforce, struggling to stay afloat in these challenging times. From industry giants like Google, Meta, and Paytm to startups fighting to survive, no sector seems immune to the impact. The once-promised job security has become uncertain, with hiring freezes and layoffs becoming the new norm. It's not just about losing jobs; it's about the ripple effect it creates. Reduced salaries, slashed budgets, and entire businesses shutting down are painting a grim picture. With all this confusion, we're keen to understand our community better: What's your current professional status?👨💼 A. Student B. Employed, but concerned about job security C. Recently laid off or affected by a job loss D. Small business owner facing challenges E. CEO/Entrepreneur navigating these tough times Your response will help us tailor our content to provide support and resources where they're needed most. Let's stand together during these uncertain times! 💪 #layoffs #layoffs2023 #hiring #recession #nojobs #thefoundersfable #adxminds #motivation

2023’s been the year of layoffs in the tech industry. A lot of very experienced devs I know and follow are struggling to find a job at the moment. Is it because it’s the end of the year? Is it because companies have started to appreciate having smaller teams and being more efficient? Is it because the market of devs is saturated? Some people say that in January companies get new budgets for hiring. But will they do that? What’s your opinion? P.S. Recruiters out there, let me know your point of view as well! #hiring #layoffs #jobhunting #techjobs

𝗜’𝘃𝗲 𝗯𝗲𝗲𝗻 𝗹𝗮𝗶𝗱 𝗼𝗳𝗳 𝟯 𝘁𝗶𝗺𝗲𝘀 𝗶𝗻 𝗺𝘆 𝗧𝗲𝗰𝗵 𝗰𝗮𝗿𝗲𝗲𝗿. 𝗜𝗳 𝘆𝗼𝘂'𝘃𝗲 𝗯𝗲𝗲𝗻 𝗮𝗳𝗳𝗲𝗰𝘁𝗲𝗱, 𝗵𝗲𝗿𝗲 𝗮𝗿𝗲 𝟯 𝘁𝗶𝗽𝘀 𝘁𝗼 𝗵𝗲𝗹𝗽. Right now, the Tech industry is going through yet another round of layoffs, and I genuinely feel for everyone affected. I’ve been where you are. The first time I was let go, I didn’t see it coming. I was young, and my self-confidence and self-worth were hit really hard. I thought I was doing a brilliant job, putting in the hours building my skills, and my clients liked me. 𝗧𝗶𝗽 𝟭: 𝗜𝘁’𝘀 𝗻𝗼𝘁 𝗮𝗯𝗼𝘂𝘁 𝘆𝗼𝘂; 𝘁𝗿𝘆 𝗻𝗼𝘁 𝘁𝗼 𝘁𝗮𝗸𝗲 𝗶𝘁 𝗽𝗲𝗿𝘀𝗼𝗻𝗮𝗹𝗹𝘆. 𝗟𝗮𝘆𝗼𝗳𝗳𝘀 𝗮𝗿𝗲 𝗮𝗹𝗺𝗼𝘀𝘁 𝗮𝗹𝘄𝗮𝘆𝘀 𝗮𝗻 𝗶𝗺𝗽𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻 𝗼𝘂𝘁𝘀𝗶𝗱𝗲 𝘆𝗼𝘂𝗿 𝗰𝗼𝗻𝘁𝗿𝗼𝗹. The second time, I should have seen it coming. Taking a bit more interest in how companies are run, forecasts, cash flow, market conditions, and win rates would have told me that the whole company was about to go ‘pop’. The second time, I was mentally better prepared and knew I had marketable skills that would eventually get me another job. 𝗧𝗶𝗽 𝟮: 𝗧𝗮𝗸𝗲 𝗺𝗼𝗿𝗲 𝗻𝗼𝘁𝗶𝗰𝗲 𝗼𝗳 𝘄𝗵𝗮𝘁’𝘀 𝗵𝗮𝗽𝗽𝗲𝗻𝗶𝗻𝗴 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗿’𝘀 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀. 𝗔𝗿𝗲 𝘁𝗵𝗲𝘆 𝘄𝗶𝗻𝗻𝗶𝗻𝗴 𝗹𝗼𝘁𝘀 𝗼𝗳 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀? 𝗔𝗿𝗲 𝘁𝗵𝗲𝘆 𝗯𝘂𝗿𝗻𝗶𝗻𝗴 𝗰𝗮𝘀𝗵? 𝗧𝗮𝗸𝗲 𝗰𝗮𝗿𝗲 𝗼𝗳 𝘆𝗼𝘂𝗿𝘀𝗲𝗹𝗳 𝗳𝗶𝗿𝘀𝘁 𝗼𝗳 𝗮𝗹𝗹, 𝗺𝗮𝗸𝗲 𝘀𝘂𝗿𝗲 𝘆𝗼𝘂 𝗮𝗹𝘄𝗮𝘆𝘀 𝗵𝗮𝘃𝗲 𝗺𝗮𝗿𝗸𝗲𝘁𝗮𝗯𝗹𝗲 𝘀𝗸𝗶𝗹𝗹𝘀 𝗮𝗻𝗱 𝗯𝘂𝗶𝗹𝗱 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗻𝗲𝘁𝘄𝗼𝗿𝗸 𝗶𝗻 𝗰𝗮𝘀𝗲 𝗮 𝗹𝗮𝘆𝗼𝗳𝗳 𝗵𝗮𝗽𝗽𝗲𝗻𝘀. The third time, I was glad it happened! It still hurt; I still had a mental ‘wobble’ but needed a push. I’d stagnated and needed a crisis to transition me into the next part of my career. What happened next was the best, most fulfilling thing I’ve ever done, and I’m still doing it now. 𝗧𝗼𝗽 𝟯: 𝗦𝗼𝗺𝗲𝘁𝗶𝗺𝗲𝘀, 𝗮 𝗹𝗮𝘆𝗼𝗳𝗳 𝗶𝘀 𝗲𝘅𝗮𝗰𝘁𝗹𝘆 𝘄𝗵𝗮𝘁 𝘆𝗼𝘂 𝗻𝗲𝗲𝗱 𝘁𝗼 𝗴𝗶𝘃𝗲 𝘆𝗼𝘂 𝘁𝗵𝗲 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝘁𝗼 𝘁𝗿𝘆 𝗼𝘂𝘁 𝗮 𝗻𝗲𝘄 𝗰𝗮𝗿𝗲𝗲𝗿, 𝗽𝗲𝗿𝗵𝗮𝗽𝘀 𝘀𝘁𝗮𝗿𝘁 𝘆𝗼𝘂𝗿 𝗼𝘄𝗻 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀. 𝗘𝗺𝗯𝗿𝗮𝗰𝗲 𝘁𝗵𝗲 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆. I now look at 𝗹𝗮𝘆𝗼𝗳𝗳𝘀 𝗮𝘀 𝗮 ‘𝗿𝗶𝘁𝗲 𝗼𝗳 𝗽𝗮𝘀𝘀𝗮𝗴𝗲’ 𝗶𝗻 𝗮 𝗧𝗲𝗰𝗵 𝗰𝗮𝗿𝗲𝗲𝗿; most of us will end up being laid off at least once. I’ve been in Tech for well over 35 years, and when I talk to other Tech veterans, they’ve almost always had a job ‘transition’ that’s actually been a layoff or a RIF (Reduction In Force); it’s just that they’ve hidden it in their LinkedIn profile. Maybe we should all be more open about how often layoffs happen. Being laid off hurts; it's completely natural to question yourself, but the fact is you still have the same desirable and valuable skill set you had before you were laid off; you are still the same person and other employers will see that.

Can you believe that over a quarter of a million tech employees were laid off this year? According to https://layoffs.fyi, more than 259,703 careers have been disrupted due to layoffs in over 1167 companies! Have you been affected by these layoffs? Have you managed to secure a new job? If anyone in my network has been laid off, please reach out in the comments. I would be love to give you a head start in 2024. #techjobs #productmanagement