It’s a recruiters’ market... or is it?
'It's a really good time to be hiring'
The Big Tech talent drain is early stage startups’ gain. That’s the sentiment among founders of tech companies that are hiring to fuel growth despite a souring global economy.
“It’s a really good time to be hiring,” a founder of a fledgling relocation startup?told ?CNBC.
Big Tech refugees find plenty of suitors
Most laid off tech workers are landing jobs within three months of beginning their search, according to some surveys, and many much sooner.
Still, others are taking the time to find the right fit. Experienced tech workers with?in-demand skills —like DevOps, customer experience, automation, product and platforms, data management, and cybersecurity—are finding plenty of suitors.
Traditional companies outside of tech are?offering rich pay checks ?to lure talent that would have otherwise preferred working at Big Tech firms. That’s happening in Seattle, where JPMorgan Chase is beefing up engineering operations with talent that a few years ago might be laser focused on getting hired at Microsoft or Amazon.
This shift could mean a?heyday for startups acquiring top talent ?that find themselves with the right mix of offerings that today’s top talent is looking for.
Could FAANG bust mean entrepreneurship boom?
While job cuts reduce short-term employment in many places, experts say they also traditionally spur startup formation.
“There is a strong connection between large layoffs and more entrepreneurship in general,” one Harvard Business School professor?told ?The Boston Globe.
That could mean a refreshed talent pool for VCs like like Boston-based?NextVie ures , which seeks to invest in teams who at Big Tech companies who might be stymied by spending cuts and looking for new opportunities.
Recruiters, too, are feeling the pinch
Not getting a prompt reply from a recruiter? You’re not alone. Recruiters are among the jobs highly impacted by layoffs over the past year. This could have an impact on diversity hiring, as recruiters often lead those efforts.
"Someone looking to break in to tech for the first time should anticipate that it could be a long road," a fintech and healthtech recruiter?told ?Reuters.
Though, for many companies, diversity will remain paramount.
“Being a minority-owned business, we firmly believe that diversity drives innovation,” Jose Bethancourt, cofounder and CEO of Method Financial?told ?Wellfound. “We’re passionate about building a workplace that represents a variety of backgrounds, skills, and perspectives, which will enable Method to succeed.”
What We're Reading
领英推荐
^ Trending in Tech
Top 10:?Sustainability
Across the globe people and companies are more focused than ever on environmental issues and committed to achieving net zero. Startups disrupting the industry include Oren, Joro App, CO2ign Art, rePurpose Global, Kaiyo, HowGood, Gotham Greens, Gro Intelligence, Be Zen, and Bevi.
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Top 10:?Blockchain
In 2022, blockchain and web3 went mainstream. The companies making the biggest impact include ZenLedger, Warbler Labs, Cypherock, Web3Auth, thirdweb, TipTop, Salad, Neco Finance, Questbook, and OpenSea.
Top 10:?Fintech
Fintech companies are shaking up Wall Street while helping Main Street companies compete with much larger competition. They’re also opening new opportunities for people to access credit and build financial independence.
Companies like Cushion are trailblazing the effort to eliminate banking fees, while Method Financial is helping people pay off debts easily with an embedded banking platform.
From the Founder: Lisa Love, Tanoshi
"I knew if I was going to work hard, then I might as well work hard for myself, doing something I truly believe in."
In this From the Founders interview, we hear from Lisa Love, co-founder of Tanoshi, an edtech startup that builds computers for kids in underserved communities. We discuss Lisa’s upbringing with a mom as an educator and a dad as an engineer and how she started her company from a pitch competition.
In the news
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Creating Creators; Georgetown Professor & Founder of Manuscripts
2 个月It's fascinating to see how startups are continuing to thrive and attract top tech talent by offering flexibility and a sense of purpose. ?? I'm particularly interested in the blockchain and fintech sectors—so much innovation happening there! Thanks for sharing this insightful post! ??
Next Trend Realty LLC./wwwHar.com/Chester-Swanson/agent_cbswan
1 年Thanks for Posting.
BUSINESS PROVIDER STARTER CORP
1 年good market in USA, middle market resists in France for how many time? we are in bankupt for two years, credit finances are insane plus the Russia-Ukrain war, it is a bad background even if we count on speculative activity in EMEA zone trading places.