Mass layoffs in the tech sector have left thousands of people unemployed, while companies freeze hiring, or become more selective about job candidates
The labour market is flooded with qualified tech professionals, while the demand remains subdued. Source: pexels.com
What happened to the tech industry?
The tech industry has witnessed a wave of major layoffs before the holiday season. More than 88,000 workers in the US tech sector have been laid off so far in 2022, according to Crunchbase News. Meanwhile, Layoffs.fyi tracker estimates the number at 144,500.
Stripe, Lyft, Twitter, Meta, and Snap have already fired thousands of employees to cut costs. Others, like Amazon, are preparing to follow. Moreover, while the retail giant was previously suggested to lay off 10,000 employees, now the reports are that as many as 20,000 employees will leave the company in the coming months.
The layoffs are the result of multiple factors, including global economic decline and low earnings results. Besides, they have all happened almost at once, as companies trim their budget-planning for next year.
Therefore, now the labour market is flooded with qualified tech professionals, while the demand remains subdued. In these conditions, looking for a new job is challenging. Nevertheless, you can always boost your hiring chances by following expert advice.
Develop your skills
Pooja Chhabria, LinkedIn’s career expert, notes that employers have changed their approach to hiring, first and foremost concentrating on skills data. Therefore, job candidates should pay attention to developing skills in the software and IT segments that face top demand, e.g. AI, ML, SQL, Python, and AWS.
To find out which skills you will need most, browse the desired job descriptions and check on the required qualifications. General skills you might improve to enhance your IT career include cloud computing, programming, understanding cybersecurity systems and networks, DevOps, threat and risks analysis, etc.
In addition, some job positions may require specific skills. Thus, mobile app development has lately emerged as one of the most profitable and quickly expanding professions. Applicants with a computer science or information systems degree typically have a massive advantage, competing for this role. At the same time, job candidates also need to master UI design, back-end computing, cross-platform development, and product management.
Senior professionals should also not forget about using the job pause to improve their team management and leadership skills. Those will come in handy even if you decide to completely overhaul your career and have a fresh start in another industry.
Soft skills like communication with customers, problem solving, creative thinking and time management shouldn’t be ignored as well.
Soft skills like communication with customers, problem solving, creative thinking and time management shouldn’t be ignored. Source: pexels.com
It’s the early bird who catches the worm
In times of fierce competition like this, professionals often forget the common wisdom which applies to all life spheres. Timely application matters as much as good skills.
Typically, being among the first to apply gives an applicant an extra competitive edge. It shows the employer your determination to find a job and interest in the particular company. Thus, LinkedIn data suggests you have 40% more chances to be hired for a position if you apply in the first 10 minutes.
Luckily, to apply shortly after the job is posted, you don’t need to constantly monitor the job sites. Numerous services offer job alerts based on your selected career filters. Use this chance to react quicker.
By the way, don’t postpone applications until 2023. December is still a time for active hiring, so candidates who prefer to start their job search after the holidays might miss out on great opportunities.
Pay attention to alternative job listings and networking
Tech-related job positions are not limited to the tech industry itself. Consider various categories such as professional services, retail, health care and financial services.
Sometimes tech jobs are hidden inside less obvious companies or departments you might ignore. For example, you can find jobs that require coding fundamentals on marketing, media, and editorial teams. Therefore, pay attention to the skills description rather than a job title.
Most people concentrate on major online job boards such as LinkedIn, Glassdoor, or Monster Jobs. However, there is a list of less competitive niche resources that includes:
Furthermore, good old word of mouth is still a good way to find a job besides large online platforms. Make sure to regularly connect with your professional community, either off- or online. Networking helps job candidates find mentors, discover working and learning opportunities, share experiences, and keep abreast of the tech industry trends even when you’re temporarily out of the game.
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Amidst widespread layoffs and job market challenges in the tech industry, it is essential for tech professionals to broaden their knowledge base to include emerging technologies that are gaining prominence. In particular, the rise of Quantum Computing and Blockchain technology are areas where skill development could significantly enhance job prospects. Quantum computing promises to revolutionize problem-solving capacities way beyond classical computing methods, necessitating a strong grasp of quantum mechanics and programming languages like Qiskit or Cirq. Simultaneously, Blockchain technology extends beyond cryptocurrency applications and is increasingly utilized in sectors such as supply chain management, healthcare, and finance, requiring professionals to master blockchain architecture, smart contracts, and consensus algorithms.
Enhancing one’s digital presence and personal branding on professional platforms such as LinkedIn can also significantly improve employment prospects in the tech sector. Developing a robust LinkedIn profile that showcases projects, certifications, endorsements, and a clear narrative of one’s professional journey can attract potential employers. Additionally, participating in and contributing to relevant LinkedIn groups and engaging with industry-specific content can enhance visibility and establish thought leadership within tech communities.
Analytical skills, particularly in data analysis and big data technologies, continue to be in high demand across the tech industry. Proficiency in tools like Hadoop, Apache Spark, and programming languages such as R and Python, can be crucial. Tech professionals can take advantage of online courses and certifications in these areas to validate their skills and increase their marketability to potential employers.
Furthermore, understanding the regulatory and ethical implications of tech, especially in fields like AI and machine learning, is becoming crucial. As technology continues to intersect more with everyday life, professionals that can navigate the legal and social ramifications of tech projects will stand out in the job market. Courses on tech ethics, data privacy laws like GDPR, and cybersecurity practices are therefore increasingly relevant.
In conclusion, acquiring a mix of advanced tech skills and soft skills, complemented by a strategic online presence, can be the keys to unlocking new job opportunities in a fluctuating job market for tech professionals.
Amidst widespread layoffs and job market challenges in the tech industry, it is essential for tech professionals to broaden their knowledge base to include emerging technologies that are gaining prominence. In particular, the rise of Quantum Computing and Blockchain technology are areas where skill development could significantly enhance job prospects. Quantum computing promises to revolutionize problem-solving capacities way beyond classical computing methods, necessitating a strong grasp of quantum mechanics and programming languages like Qiskit or Cirq. Simultaneously, Blockchain technology extends beyond cryptocurrency applications and is increasingly utilized in sectors such as supply chain management, healthcare, and finance, requiring professionals to master blockchain architecture, smart contracts, and consensus algorithms.
Enhancing one’s digital presence and personal branding on professional platforms such as LinkedIn can also significantly improve employment prospects in the tech sector. Developing a robust LinkedIn profile that showcases projects, certifications, endorsements, and a clear narrative of one’s professional journey can attract potential employers. Additionally, participating in and contributing to relevant LinkedIn groups and engaging with industry-specific content can enhance visibility and establish thought leadership within tech communities.
Analytical skills, particularly in data analysis and big data technologies, continue to be in high demand across the tech industry. Proficiency in tools like Hadoop, Apache Spark, and programming languages such as R and Python, can be crucial. Tech professionals can take advantage of online courses and certifications in these areas to validate their skills and increase their marketability to potential employers.
Furthermore, understanding the regulatory and ethical implications of tech, especially in fields like AI and machine learning, is becoming crucial. As technology continues to intersect more with everyday life, professionals that can navigate the legal and social ramifications of tech projects will stand out in the job market. Courses on tech ethics, data privacy laws like GDPR, and cybersecurity practices are therefore increasingly relevant.
In conclusion, acquiring a mix of advanced tech skills and soft skills, complemented by a strategic online presence, can be the keys to unlocking new job opportunities in a fluctuating job market for tech professionals.
Given the dynamic nature of the tech industry, certified expertise in cloud platforms like AWS, Google Cloud, and Microsoft Azure can provide a significantly competitive edge. These platforms are critical in digital transformation projects across various sectors, from startups to large enterprises. As organizations continue to prioritize cloud migration for enhanced scalability, security, and efficiency, having certifications such as AWS Certified Solutions Architect, Google Professional Cloud Architect, or Microsoft Certified: Azure Administrator Associate could be crucial.
Another emerging area is Internet of Things (IoT), which is proliferating in sectors like manufacturing, healthcare, and home automation. Understanding IoT platform architecture, network security, and data analytics is crucial for tech professionals aiming to enter or excel in this space. Practical experience with IoT devices and familiarity with platforms like Arduino, Raspberry Pi, or commercial IoT solutions could open up several job avenues.
With remote work becoming more common, proficiency in collaboration and project management tools is also invaluable. Familiarity with platforms like Slack, Trello, GitHub, and Asana can facilitate better teamwork and project tracking. These tools are not only useful for tech professionals in traditional tech roles but also for those in project management, coordination, and leadership positions.
Finally, the rise of 5G technology is creating new opportunities in mobile telecommunications and related industries. Understanding the technical foundations of 5G, network function virtualization, and mobile edge computing can provide tech professionals with new pathways into telecommunications, network design, and service delivery roles that are adaptive to the next phase of internet and communication technologies.
By strategically enhancing skills and certifications in these high-demand areas, tech professionals can not only improve their job prospects but also position themselves at the forefront of technological innovation and implementation.
Given the dynamic nature of the tech industry, certified expertise in cloud platforms like AWS, Google Cloud, and Microsoft Azure can provide a significantly competitive edge. These platforms are critical in digital transformation projects across various sectors, from startups to large enterprises. As organizations continue to prioritize cloud migration for enhanced scalability, security, and efficiency, having certifications such as AWS Certified Solutions Architect, Google Professional Cloud Architect, or Microsoft Certified: Azure Administrator Associate could be crucial.
Another emerging area is the Internet of Things (IoT), which is proliferating in sectors like manufacturing, healthcare, and home automation. Understanding IoT platform architecture, network security, and data analytics is crucial for tech professionals aiming to enter or excel in this space. Practical experience with IoT devices and familiarity with platforms like Arduino, Raspberry Pi, or commercial IoT solutions could open up several job avenues.
With remote work becoming more common, proficiency in collaboration and project management tools is also invaluable. Familiarity with platforms like Slack, Trello, GitHub, and Asana can facilitate better teamwork and project tracking. These tools are not only useful for tech professionals in traditional tech roles but also for those in project management, coordination, and leadership positions.
Finally, the rise of 5G technology is creating new opportunities in mobile telecommunications and related industries. Understanding the technical foundations of 5G, network function virtualization, and mobile edge computing can provide tech professionals with new pathways into telecommunications, network design, and service delivery roles that are adaptive to the next phase of internet and communication technologies.
By strategically enhancing skills and certifications in these high-demand areas, tech professionals can not only improve their job prospects but also position themselves at the forefront of technological innovation and implementation.
As the tech industry faces continuous change and layoffs, it is crucial for professionals to keep up with technological advancements and increase adaptability. Specializations such as data privacy and security are increasingly important, especially with the implementation of laws like GDPR and CCPA, which require companies to secure personal data effectively. This necessitates a deep understanding of legal requirements, as well as technical skills in secure programming and network security.
The recent surge in reliance on digital platforms due to remote work trends also emphasizes the need for expertise in cybersecurity. Cybersecurity professionals need to be skilled in various frameworks and protocols to protect network and data integrity in enterprises. Additionally, knowledge in breach detection, data encryption, and implementation of security measures both preemptively and in reaction to security threats can set a candidate apart in the tech job market.
For tech professionals impacted by layoffs, augmenting technological competencies with business skills could also open up new opportunities in tech-adjacent roles such as product management or project coordination, where they can utilize their comprehensive understanding of technology to handle broader aspects of business strategy implementation.
Additionally, the increasing importance of AI and machine learning across numerous industries suggests that familiarity with these technologies, from neural networks to natural language processing, can vastly improve employment prospects. Courses and certifications in these areas, offered by numerous online platforms, can not only provide validated skills but also help in building a more appealing professional profile.
Lastly, the ability to work with big data and analytics tools is another enticing skillset for employers, particularly in industries such as e-commerce, healthcare, and logistics that rely heavily on data-driven decisions. Skills in software tools such as Apache Kafka, and data visualization tools like Tableau or PowerBI, are becoming crucial as companies seek to leverage big data for competitive advantage.
To navigate through the complexities of the current job market, tech professionals can also consider roles in emerging fields such as ethical technology, green technology, and tech for social impact. These sectors not only tackle profound societal issues with innovative technological solutions but also offer new professional landscapes for employment. For instance, technologies that support environmental sustainability, such as energy-efficient computing and biodegradable hardware, are experiencing growing demand. Similarly, tech initiatives that address societal inequalities and enhance accessibility are becoming increasingly crucial.
Reskilling into specialties related to the industrial Internet of Things (IIoT) and Industry 4.0 can be highly beneficial as well. Industries such as manufacturing, logistics, and agriculture are witnessing significant transformations through the adaptation of smart technologies. Skills in systems integration, real-time data processing, and machine learning applications in automated and connected environments will be increasingly valuable.
For those with a foundational tech background, delving into the Internet of Medical Things (IoMT) can also be a smart career move. With the healthcare sector increasingly depending on technology for patient monitoring, personalized treatment, and operational efficiency, understanding the interface between medical devices, data technology, and patient care processes is becoming essential.
Additionally, considering the importance of digital competencies, tech professionals should look into teaching positions or freelancing roles that allow them to share their knowledge while enhancing their own skills. Online platforms offer numerous opportunities to tutor or create courses that can help others in the community develop their abilities, thereby opening additional revenue streams and networking prospects.
With the rapid changes in technology and frequent layoffs in the tech sector, adapting to evolving technological trends is crucial. One area of growing importance is the ethical development and application of technology. This includes considerations around the use of AI and ensuring technology enhances societal welfare without exacerbating inequalities. Professionals skilled in ethical tech are seen as valuable in industries focussed on developing AI that is transparent, fair, and privacy-centric.
An understanding of Edge Computing is also becoming increasingly crucial as companies seek to process data closer to the source to decrease latency and increase efficiency. This technology supports real-time applications like autonomous vehicles and smart grids which are dependent on rapid data processing. Knowledge in this area can open up new avenues in various tech-driven industries.
Moreover, professionals with expertise in Robotic Process Automation (RPA) are in demand as businesses aim to streamline operations and reduce costs by automating routine tasks. RPA can dramatically improve efficiency in various processes from supply chain operations to HR and customer service, making it highly relevant across sectors.
Securing skills in 3D printing technology can also be a significant advantage. This technology is transforming industries like manufacturing, healthcare, and construction. It offers innovative approaches to product design, customization, and “just-in-time” production — areas likely to see substantial growth in the coming years.
Additionally, as companies are required to handle an increasing volume of data, skills in managing and interpreting this data effectively are crucial. Professionals proficient in Predictive Analytics and Machine Learning can offer insights into customer behavior and business risks, making them invaluable to data-driven decision making.
Quantum Computing and Blockchain technology are emerging fields where tech professionals can seek opportunities. Focusing on Quantum Computing requires understanding quantum mechanics and learning specific programming languages like Qiskit or Cirq. Blockchain technology not only powers cryptocurrencies but also has applications in sectors like supply chain, healthcare, and finance. Mastery over blockchain architecture, including smart contracts and consensus algorithms, is essential.
Personal branding on online platforms like LinkedIn significantly boosts one’s visibility to potential employers. A well-maintained profile showcasing skills, projects, and endorsements along with active participation in relevant groups enhances professional credibility and helps in building a network that might lead to job offers.
Data analysis and big data technologies remain a high demand area in tech. Skills in analytical tools like Hadoop, Apache Spark and programming languages such as R and Python can help tech professionals stand out. These competencies allow professionals to handle large data sets efficiently, a capability that’s increasingly important across various industries.
Ethics in technology, especially related to AI and machine learning, is gaining prominence. Understanding ethical implications and regulations such as the General Data Protection Regulation (GDPR) can differentiate candidates in a tech job market that is more conscientious about privacy and data security.
Another area of potential growth for tech professionals is cloud technology expertise, with a focus on platforms like AWS, Google Cloud, and Microsoft Azure. Certifications in these technologies can open doors to new opportunities, particularly as more businesses move to cloud infrastructure for better scalability and security.
Understanding the Internet of Things (IoT) will be crucial as it expands into industrial, healthcare, and home automation industries. Skills in IoT security, platform architecture, and data analysis are necessary. Practical knowledge with devices and IoT platforms like Arduino, Raspberry Pi, or commercial solutions can lead to opportunities in this innovative field.
Proficiency in remote collaboration tools such as Slack, Trello, GitHub, and Asana is essential in the increasingly common remote work environments. These tools help enhance teamwork and project management, skills necessary not just for tech roles but also for leadership positions in tech projects.
Finally, with the rollout of 5G technology, understanding its technical aspects such as network function virtualization and mobile edge computing will be beneficial. This knowledge positions tech professionals for roles in the evolving mobile telecommunications landscape, which is adapting to next-gen networking technology.
For continuous career growth and resilience in the tech industry, professionals should also consider diversifying their skill sets beyond traditional tech roles, exploring emerging niches such as ethical technology, green tech, and areas impactful to social issues, thereby staying relevant and competitive in a fast-evolving job market.
Quantum Computing and Blockchain technology are emerging fields where tech professionals can seek opportunities. Focusing on Quantum Computing requires understanding quantum mechanics and learning specific programming languages like Qiskit or Cirq. Blockchain technology not only powers cryptocurrencies but also has applications in sectors like supply chain, healthcare, and finance. Mastery over blockchain architecture, including smart contracts and consensus algorithms, is essential.
Personal branding on online platforms like LinkedIn significantly boosts one’s visibility to potential employers. A well-maintained profile showcasing skills, projects, and endorsements along with active participation in relevant groups enhances professional credibility and helps in building a network that might lead to job offers.
Data analysis and big data technologies remain a high demand area in tech. Skills in analytical tools like Hadoop, Apache Spark and programming languages such as R and Python can help tech professionals stand out. These competencies allow professionals to handle large data sets efficiently, a capability that’s increasingly important across various industries.
Ethics in technology, especially related to AI and machine learning, is gaining prominence. Understanding ethical implications and regulations such as the General Data Protection Regulation (GDPR) can differentiate candidates in a tech job market that is more conscientious about privacy and data security.
Another area of potential growth for tech professionals is cloud technology expertise, with a focus on platforms like AWS, Google Cloud, and Microsoft Azure. Certifications in these technologies can open doors to new opportunities, particularly as more businesses move to cloud infrastructure for better scalability and security.
Understanding the Internet of Things (IoT) will be crucial as it expands into industrial, healthcare, and home automation industries. Skills in IoT security, platform architecture, and data analysis are necessary. Practical knowledge with devices and IoT platforms like Arduino, Raspberry Pi, or commercial solutions can lead to opportunities in this innovative field.
Proficiency in remote collaboration tools such as Slack, Trello, GitHub, and Asana is essential in the increasingly common remote work environments. These tools help enhance teamwork and project management, skills necessary not just for tech roles but also for leadership positions in tech projects.
Finally, with the rollout of 5G technology, understanding its technical aspects such as network function virtualization and mobile edge computing will be beneficial. This knowledge positions tech professionals for roles in the evolving mobile telecommunications landscape, which is adapting to next-gen networking technology.
For continuous career growth and resilience in the tech industry, professionals should also consider diversifying their skill sets beyond traditional tech roles, exploring emerging niches such as ethical technology, green tech, and areas impactful to social issues, thereby staying relevant and competitive in a fast-evolving job market.
