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
Mass tech layoffs are shaking up the industry and dominating weekly news headlines. From Twitter’s mass layoffs to Meta announcing that they will cut 13% of its workforce, the industry is facing a ‘stormy winter.’ The H-1B Visa Program Mass tech layoffs have left thousands of employees worldwide in a challenging situation. Many will move on to get other jobs in the industry, whereas workers on temporary visas will not be able to do that. Workers with temporary visas have been left with little to no time to find another
With constant news of layoffs, hiring freezes, and restructures, we know it’s a hard time for many in the tech industry – especially people of color. When underperforming, companies retreat to what they know and who they know. They default to what is familiar, and, all too often, this means older, white men. We saw this at the peak of the pandemic, and it seems we are seeing it now. POCIT was launched to platform the stories of people of color in tech but also to create new ones. Our recruitment platform has
Twitter has terminated the contracts of almost all its staff based in Accra, Ghana. The news comes after Elon Musk’s recent acquisition of the app, which has seen thousands of employees worldwide laid off work. Twitter’s presence in Africa In April 2021, Twitter announced its plans to build a team in Ghana as a part of its broader mission to expand its services across the region. After almost a year of working remotely, Twitter’s African staff finally opened a physical office in the continent. But celebrations were short-lived. A mere
Over the last 48 hours, dozens of Twitter employees took to the platform to announce that they had lost their jobs following Elon Musk’s recent acquisition. Employees have flooded the app using the hashtag #LoveWhereYouWorked with an emoji to signify that their time at the social media giant has ended. After ousting CEO Parag Agrawal, CFO Ned Segal, general counsel Sean Edgett and chief legal officer Vijaya Gadde last week, Elon Musk has made it clear that things at Twitter will never be the same again. Impact on Black & Latinx
In his first move as Twitter’s owner, Elon Musk has ousted its CEO Parag Agrawal. After months of back and forth, Musk has closed the $44 billion deal to purchase Twitter. Wasting no time, Musk fired Twitter CEO Parag Agrawal as well as chief financial offer Ned Segal, and general counsel Sean Edgett. Chief legal officer Vijaya Gadde, who reportedly played a key role in Trump’s Twitter ban, has also been fired. Read: Musk’s Twitter Layoffs Take A Hammer To Diversity And Inclusion Efforts Sources reported seeing at least one of the fired executives
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.
