Despite declining market conditions, flanked by tight spending costs, recruitment experts and those involved with hiring remain optimistic that job opportunities remain open.
This matter has been outlined by several experts regarding the situation of retrenchment, dismissal and termination of services of some workers in the technology sector recently.
The impact of high inflation leading to aggressive interest rate hikes, in addition to the Russian-Ukrainian war crisis that affected the market and the impact of Covid-19 has forced companies to recalculate spending.
Although the share prices of technology companies are plummeting and affecting business performance, some experts believe that the industry still needs new talent.
For the record, tech industry giants like Microsoft, Facebook’s Meta Platform, Nvidia Corp., Snap Inc to Netflix Inc have acted to reduce hiring or lay off employees to reduce costs.
According to Glassdoor employment agency senior economist Daniel Zhao, layoffs are a common action in businesses experiencing fragile financial situations.
However, the job market remains active and many vacancies with most industries still conducting business activities as usual.
Clearly Megan Slabinski, a human resources consultant from Robert Half, layoffs in the technology sector are still small and demand for technology -related positions will not be affected at all or diminished.
Even Slabinski comments again, he stated employers are still hoping to get new talent to replace those who have gone.
The Salbinski report saw 52% of tech workers still looking for new jobs in the past 6 months.
Zhao added that although there was a modest withdrawal in the demand for technology workers, the level was still far before the pandemic.
The average employee is seen to take into account the factors of office benefits as well as flexibility in addition to better arrangements.
