This article was first published by Chuma Okoro on Medium. This one is for you, fellow engineer. Folks in other career verticals, just observe. Seeing the recent news about layoffs and hiring freezes at top tech companies like Meta and Twitter; anyone who works in tech must have their eyebrows raised. You did all that struggling to get your job as a software engineer and now the idea of losing that job, due to reasons out of your control, is real. In most employment contracts, they indicate that you’re an
This article was first published by Ikenwa Chukwunonso on Medium. The job market has been crazy this year with the high inflation rate and high-interest rate to cool off inflation meaning funding from venture capitalists and financial institutions have reduced due to high-interest rates. In January 2023, prices had increased by 6.4 percent compared to January 2022 according to the 12-month percentage of change in the consumer price index. Few companies especially in the tech sector are downsizing and reducing their burn rates which mean cutting jobs to properly navigate
This article was first published by Chuma Okoro on Medium. Many organizations think money is the only incentive that employees value. But evidence-based research suggests that employment security is powerful in increasing commitment and performance. Modern technology companies are known for high salaries, yummy snacks, and beautiful offices. Despite this, according to DevSkiller, these companies still have high turnover. This may be due to the perceived lack of an incentive that evidence-based research (EBR) suggests is powerful in increasing commitment and performance, and employment security. Employment security is a notion
Black-owned startup Equipt is using the power of the community to help tech workers bounce back from layoffs. In 2021, Olajide “Jide” Osan and Hubert Dagbo co-founded Equipt as a talent marketplace using upskilling events to connect job seekers with potential employers. After first meeting at Lehigh University in 2008, Dagbo and Osan found mentors who used their skills and networks to find career opportunities in finance and tech, respectively. The pair reconnected during the Covid-19 pandemic and launched Equipt, using technology to replicate the path they followed years prior.
This article by Camille Hall was originally published on Medium. I can still think back and remember each morning that grew with anxiety as the time got nearer to my scheduled 1:1 manager syncs. I was ridden with guilt because I was not performing at my usual pace or producing my usual quality. I tried so many tactics to “shake it off” and to “get it together” but nothing worked. I tried rearranging my workspace to invoke more creativity. I picked up new projects in hopes to entice my fascination
If you’ve been considering switching jobs, experts say now might be the best time to take the leap. Despite the cooling labor market, a new survey from ZipRecruiter has found that job seekers remain in the driver’s seat. New hires managed to secure better benefits and higher salaries than those hired earlier in 2022, thanks to a competitive hiring market and pay transparency laws in places like New York, Colorado, and California. The survey found that two-thirds of people who switched jobs received a pay increase of 11% or more,
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.
Two years after the Big Tech companies pledged to fight racism, Black and Brown employees still bear the brunt of recent layoffs sweeping the industry. DEI teams are shrinking rapidly – here’s why. Hiring for DEI roles first ramped up during Black Lives Matter protests in 2020. Tech companies pledged to boost their diversity efforts. According to Bloomberg, listings for DEI jobs have now dropped by 19% – a more significant drop than human resource or legal jobs. Many Big Tech companies that pledged to boost their diversity efforts have
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
