Ride High During Economic Lows: Smart Moves to Prepare for the Unexpected
Following the highs of St. Patrick’s Day, you might be feeling lucky about your performance in the staffing game. But before you leave your future to the flip of a coin, keep in mind the road ahead isn’t always as green as it seems. The tech industry often changes in the blink of an eye. Here are the current trends you need to know and the steps you can take to manage risk
The IT staffing world is feeling the echoes of the past year as staffing cuts and regulations come in full force.
Tech Layoffs Continue
Businesses are continuing large-scale layoffs that have shaken up the tech workforce since the start of the year. On the lineup of affected companies this month include high-profile names like Atlassian, SiriusXM, and Waymo (again).
By now, the news comes as no surprise—but in the midst of uncertainty about the future, it’s worth digging into the reasoning behind the latest layoffs. Beyond economic concerns, companies like SiriusXM cite plans to restructure their staff to increase business agility. Similarly, Meta—which is expected to issue a second round of layoffs—plans to invest in more AI tools to strengthen its current engineering team.
Demand for Cybersecurity Skills May Be on the Rise
Despite the news of staffing cuts, there is a realm of tech that’s set to take center stage: cybersecurity.
Over a year after its initial proposals, the Securities and Exchange Commission (SEC) is set to enact a massive expansion of cybersecurity regulations for public businesses. What does this mean for tech staffing? Some experts predict skills like malware analysis, incident response, and compliance expertise will be high in demand.
In times like these, it may seem like the only thing that’s predictable is unpredictability. But the right strategic moves can help companies optimize their investments and professionals maintain their upward trajectory in the tech industry. Don’t miss these new nuggets of wisdom from the Concero blog:
Are You Laying Off Workers? Soften Their Landing with Outplacement Services
If you're leading an organization in which layoffs are impending, creating a plan to support your employees can not only soften their landing, but also secure your future. Read this article to learn why outplacement services may be just as valuable as great severance packages.
4 Reasons Why Contract Beats Direct Hire in the Face of Uncertainty
Even when it’s hard to see the end of the tunnel, the tech industry still needs workers to grow. However, taking on a permanent role isn’t always the ideal option for workers when the future of the economy is unclear. Here are our insights on why contract positions may be the best fit for IT professionals seeking secure paths during uncertain times.
When you're operating on foresight instead of on luck, you can increase the odds of your success. Keeping an eye on industry trends and modern strategies can set you up for a smooth-sailing future.
What strategies are you implementing to navigate these uncertain times? Share your thoughts in the comments below.