Dreamix’s Post

304 tech companies laid off 89,193 employees in 2024 1,191 tech companies laid off 263,180 employees in 2023 1,064 tech companies laid off 165,26 employees in 2022 The Great Layoffs continue to impact many in 2024, but this is a crucial time to safeguard your career. Now more than ever, it's important to focus on enhancing your skills, staying adaptable, and networking effectively. Consider this a wake-up call to invest in your personal and professional development. By being proactive, you can turn challenges into opportunities and secure a bright future. Don't wait until it's too late—take steps today to protect and advance your career. source: https://layoffs.fyi/ https://lnkd.in/d_7GNfuR

“Despite the massive number of tech industry layoffs, the paradox is that there is still a high demand and fierce competition between employers to attract top talent,” Nik Froehlich noted in Forbes. “Hiring and retaining quality tech talent has become increasingly challenging due to rapidly evolving technology and changing employee expectations.” Three key factors contributing to the situation are competition, the need for growth and development opportunities, and the persistent skills gap. https://lnkd.in/g4dMfKfy

Fresh from EBN: Have the good times in the tech sector come to an end? What’s driving the lay-offs, when will they end, and what will the impact be?. Explore the causes and impact of tech layoffs, including cost-cutting, strategic shifts, and employer branding challenges in the evolving tech industry. #EmployerBranding #TalentAttraction #RecruitmentMarketing

In the wake of recent tech layoffs, start-ups and mid-sized companies have a unique opportunity to hire seasoned professionals. While upskilling and reskilling can bridge the talent gap and foster a culture of respect and autonomy to help attract and retain your top talent. Here are three strategies to support your recruitment efforts and encourage existing employees to stick with you for the long term: https://buff.ly/3zBFW1p #Upskilling #EmployeeWellbeing #TechnologyRecruitment

In the ever-evolving tech landscape, layoffs can feel daunting, but they often pave the way for incredible opportunities and growth! 🌟 This shift is a reminder that upskilling is more important than ever. Embracing new skills and adapting to change not only enhances our individual value but also strengthens our industries as a whole. Let’s view these challenges as stepping stones to innovation and resilience. Together, we can transform the current landscape into a brighter future filled with potential! 💪✨ #TechTransformation #Upskilling #BusinessDevelopment #HR #Opportunities #Resilience #CareerGrowth #Innovation #FutureOfWork #TechIndustry

In an industry notorious for cutthroat competition, razor-thin profit margins, and frequent layoffs, it's easy to lose sight of what truly matters: the people who make it all possible. That's why I am so thrilled to announce 1440 has been named one of Inc. Magazine’s Best Workplaces for 2024. When we founded 1440, we set out to create a different kind of media company—one that prioritizes curiosity, being human, and building a world-class people culture. So, from the get-go, we decided this: to put our people first. Here’s how we do that: ✅ I have monthly "happiness check-ins" with each team member in addition to constantly seeking feedback (surveys and a dedicated Slack channel) on ways we can improve our employee experience. ✅ We proactively provide raises without employees ever asking (occurs ~2x/year/employee). Our employees add tremendous value, and we aim to make their comp commensurate with the value they provide to 1440 by offering well above-market salaries, regular raises, and upside in our company’s long-term success. ✅ We offer the best benefits we possibly can (we just provided a new body scan benefit) and aim to provide better packages than companies we most admire (e.g., Airbnb) even though we are (currently) small in comparison. ✅We allow our colleagues total peace of mind at work as we take care of their entire family’s healthcare benefits. ✅We work incredibly hard to create boundaries: We never (ever!) communicate on weekends, and we hang it up after work hours so folks can be the best parents/friends outside of work they can be. ✅ We regularly share company financials, all key metrics, and the larger team strategy: Every employee knows our vision, strategies, and where we’re going. ✅ We don’t hire employees unless we can see them having a home at 1440 for a decade or more (assuming they perform to our high standards, of course). ✅ We aim to have some fun. Life is short; we want to enjoy spending time with each other, the highlight of which occurs during our company’s summer and winter full-team, weeklong offsites. The result? Proof that putting people first is actually excellent for profitability, too. 1440’s highly profitable business model has also seen 2,238% three-year growth, which recently landed us the 79th spot on Inc. Magazine’s fastest-growing US companies list. But this award isn't just about 1440’s team. It's about proving there's a better way to build a successful company—one that doesn't sacrifice its values or its most important asset, its people, in pursuit of the bottom line. ✅This award further motivates our team to continue building a media business that not only delights our 3.6M+ intellectually curious readers and partners, but remains a place where our colleagues can do their best work and still have the freedom to be their best selves outside the office, all while having some fun. What are you doing to make sure your employees are their best selves? #peoplefirst #bestworkplaces #inc #media

Three Lessons from Tech Layoffs on Building Career Agility

For tech workers, the specter of layoffs continues to loom large, with good reason. According to Layoffs.fyi, an online tracker of job losses in the technology sector, 436 tech companies have laid off at least 137,050 employees so far this year. But that doesn’t necessarily indicate a lack of jobs for tech workers. Many tech companies are hiring, investing in their employees and growing their skill sets. In fact, top companies across all sectors—not only technology—are providing tech employees with positive job experiences, particularly in regard to training opportunities that incentivize employees to stay. Forbes America's Best Employers For Tech Workers 2024: https://trib.al/CUhQdQ7

More Tech Layoffs of 2024: A Challenging Year for the Industry 2024 has been a wild year for the tech industry, with significant layoffs affecting thousands of employees across major companies. From established giants to innovative startups, the wave of job cuts has been widespread, reflecting the industry's ongoing adjustments to post-pandemic realities, economic pressures, and shifting market demands. Key highlights from the recent TechCrunch report: - Major Companies Impacted: Industry leaders like Cisco, PayPal, and Microsoft have all announced substantial layoffs, citing a need to streamline operations and focus on core initiatives. - Economic Factors: High inflation and fluctuating consumer demand have been major drivers behind these decisions, as companies strive to maintain financial stability. - Employee Support: Many affected workers are turning to platforms like LinkedIn for networking, job hunting, and community support during these challenging times. As we navigate these changes, it's crucial to support one another and stay connected. Whether you're directly impacted or part of the broader tech community, let's use this moment to foster stability and innovation.