US tech layoffs show little sign of slowing, with 50,000 jobs cuts announced this month alone. Still, experts have said there’s still reason for hope. Competition for tech workers “will remain fierce — even when and if the economy falls into recession around the middle or second half of 2023,” Joe Brusuelas, RSM’s chief economist, told NBC News. 8 in 10 laid-off tech workers found a new job within three months of starting their search; 4 in 10 within one month. – ZipRecruiter Also 59% of all tech jobs exist outside the tech sector.
Despite Big Tech’s promises in the summer of 2020, Black and Brown tech employees are finding themselves hard hit by short-sighted cuts to diversity efforts and layoffs. The Great Reset “The great reset” is what San Jose State University’s Professor Ahmed Banafa calls the current climate of tech layoffs, restructuring, and downsizing. While much of the global economy took a massive hit during the peak of the COVID-19 pandemic, the tech industry thrived. Tech companies made huge profits and hired tens, if not hundreds, of thousands of new staff. Yet, fast forward
Remember the summer of 2020? Tech companies were posting Black squares on Instagram and mass hiring diversity consultants. Fast forward two years, and tech leaders are publicly delighting in the waning of Diversity, Equity, and Inclusion (DEI). We know it is easy to feel discouraged, but that’s where POCIT comes in! On our recruitment platform, you can find a whole gamut of roles for people of color in tech. Whether you’re a developer or business analyst, marketing genius or design boss, here are some of the many companies that want to
San Francisco-based communications company, Twilio, has announced that they will be cutting 11% workforce to help restructure the company after a period of rapid expansion. In a memo to employees, Twilio CEO, Jeff Lawson, clarified that all staff cuts will be made through an “Anti-Racist” and “Anti-Oppression” lens which took many by surprise. Despite right-wing publications such as Daily Caller, describing the move as “race-based,” Lawson’s actions come at a very critical time for POC workers who more times than not, are forced to suffer the brunt of staff layoffs and redundancies.
