Jeff Parker’s Post

Tech firms are making bold moves as the IT industry evolves. Check out this insightful article featuring CompTIA's chief research officer, Tim Herbert, highlighting how Silicon Valley is shifting and its impact on the workforce.

Tech firms are making bold moves as the IT industry evolves. Check out this insightful article featuring CompTIA's chief research officer, Tim Herbert, highlighting how Silicon Valley is shifting and its impact on the workforce.

Tech has taken it in the assets for the last couple of years, hasn’t it? “Last year, 2023, saw a big jump in job cuts, reaching a whopping 270,416—a staggering 396% more than the year before. The tech industry took a hard hit, losing over 240,000 jobs, marking a 50% increase from the previous year. The tech world, already facing upheavals in the last two years, is set to continue its challenges in 2024. In just the first four weeks of this year, big players like Meta, Amazon, Microsoft, Google, TikTok, and Salesforce let go of around 25,000 employees. According to Layoffs.fyi, 93 tech companies laid off 24,584 employees in 2024.” – Forbes’ Goldie Chan If you consider your people your #1 asset, that’s a pretty hard pounding on tech. This has impacted not only the newbies who came into and onto the field during boomtimes of the pandemic, but those folks who had been at the top echelons for years. . .and sometimes their whole careers. Obviously, the tech CEOs know that, if you’re going to make cuts, it’s way more efficient to see where you can lop off a higher-level person than 3 more junior folks. I’ve become very involved over these last years in helping these senior tech execs and sales leaders make unexpectedly upwardly mobile moves at a time when simple survival in one’s job would be gratefully accepted. In order to stand out and rise up in a challenged industry, you need a superpower that others don’t have. For those I’ve supported, that superpower is learning to approach their transition from a “backdoor” angle. The three pillars of that approach that enables their unexpected upwardly mobile results are:   👉 Leveraging their unique career experience into a holistic narrative – a career inventory – that clarifies their one-of-a-kind value. 👉 Creating a positioning platform around that narrative – their personal brand – to stand out among other leaders. 👉 Accessing hidden, “backdoor” opportunities through strategic relationship building for higher impact and pay. If you’re in a similar tech dilemma – or really any field, as this approach is agnostic and not limited by industry – take a few minutes to hear Maurice’s experience below. After 20 years with one of the main marquee companies of the tech world, he found that a whole new world awaited him outside of the nest. Want to insure your own unexpected upward mobility, no matter how your industry or the economy in general is performing? Answer a few questions and then schedule a complimentary Career Elevation Assessment here: https://lnkd.in/euyryaSk When your industry or the economy is questionable, there are ways to set yourself up to be unexpectedly upwardly mobile, and unquestionably indispensable. #executivetransition #toptalent #personalbranding #careercoach #backdoor #jobsearch #ceo #careerguy https://lnkd.in/gZWK67AE (You can see the same video on his profile from last year.)

Tech has taken it in the assets for the last couple of years, hasn’t it? “Last year, 2023, saw a big jump in job cuts, reaching a whopping 270,416—a staggering 396% more than the year before. The tech industry took a hard hit, losing over 240,000 jobs, marking a 50% increase from the previous year. The tech world, already facing upheavals in the last two years, is set to continue its challenges in 2024. In just the first four weeks of this year, big players like Meta, Amazon, Microsoft, Google, TikTok, and Salesforce let go of around 25,000 employees. According to Layoffs.fyi, 93 tech companies laid off 24,584 employees in 2024.” – Forbes’ Goldie Chan If you consider your people your #1 asset, that’s a pretty hard pounding on tech. This has impacted not only the newbies who came into and onto the field during boomtimes of the pandemic, but those folks who had been at the top echelons for years. . .and sometimes their whole careers. Obviously, the tech CEOs know that, if you’re going to make cuts, it’s way more efficient to see where you can lop off a higher-level person than 3 more junior folks. I’ve become very involved over these last years in helping these senior tech execs and sales leaders make unexpectedly upwardly mobile moves at a time when simple survival in one’s job would be gratefully accepted. In order to stand out and rise up in a challenged industry, you need a superpower that others don’t have. For those I’ve supported, that superpower is learning to approach their transition from a “backdoor” angle. The three pillars of that approach that enables their unexpected upwardly mobile results are:   👉 Leveraging their unique career experience into a holistic narrative – a career inventory – that clarifies their one-of-a-kind value. 👉 Creating a positioning platform around that narrative – their personal brand – to stand out among other leaders. 👉 Accessing hidden, “backdoor” opportunities through strategic relationship building for higher impact and pay. If you’re in a similar tech dilemma – or really any field, as this approach is agnostic and not limited by industry – take a few minutes to hear Maurice’s experience below. After 20 years with one of the main marquee companies of the tech world, he found that a whole new world awaited him outside of the nest. You can see the same video on his profile from last year. Want to insure your own unexpected upward mobility, no matter how your industry or the economy in general is performing? Answer a few questions and then schedule a complimentary Career Elevation Assessment here: https://lnkd.in/emx-ATCW When your industry or the economy is questionable, there are ways to set yourself up to be unexpectedly upwardly mobile, and unquestionably indispensable. #executivetransition #toptalent #personalbranding #careercoach #backdoor #jobsearch #ceo https://lnkd.in/ghqdws-E You can see the same video on his profile from last year.

3 Questions Facing the Tech Industry Right Now

The 2024 Glassdoor list serves as a stark reminder that even the most revered tech companies are not immune to employee dissatisfaction. As the sector navigates economic uncertainties and adapts to changing market dynamics, prioritising employee well-being, fostering open communication, and creating a culture of trust will be crucial in attracting and retaining top talent. While the future of work in tech remains uncertain, one thing is clear: the companies that prioritise human-centric values are the ones most likely to weather the storm and emerge stronger. Radhika Sharma Liji Narayan Saheba Khatun Deepti Javali Abdulla M. M.

Why It's So Easy To Fire Tech Employees These Days -- I'll explain the devaluation of tech in my new article for Inc. Magazine https://lnkd.in/eJZdtyFg

Check out this article featuring Tim Herbert, CompTIA's chief research officer, discussing job cut announcements from major tech companies. The New York Times sheds light on the reasons behind this ongoing trend and its implications for the industry.

Check out this article featuring Tim Herbert, CompTIA's chief research officer, discussing job cut announcements from major tech companies. The New York Times sheds light on the reasons behind this ongoing trend and its implications for the industry.

Despite a robust US economy, widespread tech layoffs persist. Discover the complex factors driving this trend and what it means for the future of the tech industry. You can read key points summarized by SaveDay below and watch the full Youtube video through the link in the comment section. ---------------------- Thanks CNBC for this meaningful video. Hope to see your viewpoints. #SaveDay #TechLayoffs #Economy #TechTrends