Tech layoffs have made competition for jobs fierce, some workers say


nevertheless Tiara Richardson read a news story warning of impending layoffs at Big Tech, but wanted a job as a content designer at Meta would be safe. She has been with the company for her four months and said at one point her team was considered a priority for the company.

when the layoff email arrives in her inbox In November she said she was devastated.

Richardson, 40, of Raleigh, North Carolina, had been working remotely for the past four months with a team she loved, but when she and nearly 11,000 of her colleagues lost their jobs, I was able to take my first step.

“I just started crying,” she said. “I had never been in that position before.

Richardson joins hundreds of thousands of technicians on the same boat. He unexpectedly lost his job and is looking for his next job. He’s one of the most famous companies to lay off Twitter, Meta, Stripe, Lyft, and most recently Salesforce and Amazon.

Many laid off tech workers are finding jobs, but far fewer are available and they have to contend with a lot of top talent to be new. role. Layoffs aren’t deterring workers from leaving the tech industry, some workers say. And they still see tech jobs as an opportunity for professional growth and increased income. However, job cuts are pushing them to look for roles that offer more secure employment in the long term.

The data still show that the outlook is not too pessimistic. Employers added about 223,000 jobs in December while the unemployment rate fell to 3.5%, according to the Bureau of Labor Statistics on Friday. Rand Ghayad, LinkedIn’s head of economics and global labor markets, wrote in his recent blog post that tech layoffs don’t fully reflect economic conditions. They are, in part, a move towards a return to more normal employment.

A month after being fired, Richardson posted on LinkedIn to let the network know he was open to new opportunities.when she started applying for her job In December and January, she found herself competing with hundreds, if not thousands, of people for the same position in her industry. (LinkedIn shows the number of candidates who have applied for the position at the top of the job listing.)

“The competition is going to get tougher,” she said. “I received more rejection letters than I used to for the jobs I applied for,” she said.

Hiring in the technology, information and media industries is at its lowest level since July 2020, according to LinkedIn member data. Still, nearly 40% of his LinkedIn members in the industry who moved in November stayed in the industry. Some have moved on to professional services such as law and accounting firms and the financial services industry. According to ZipRecruiter’s October data, the wait for tech his workers to get their next job may not be long. About 37% of furloughed tech workers surveyed found a new job within his first month, and 79% were hired within his three months.

For Megan Moakes, layoffs were unfortunately familiar experiences, but the incident may have happened at the worst possible time, as her husband was laid off two days ago. Dallas resident Moakes, 37, has been fired four times in her career.

“By the fourth time, you feel numb,” says Moakes. “Within 48 hours, we went from her two income families to his one income family to no income family.”

Moakes said her plight contrasts sharply with that of her husband, who appears to be in high demand as a video game developer. But as someone who has played customer relations roles at tech companies big and small, she often applies to jobs where she has 350 to 3,600 other candidates. As a result, she is beginning to doubt her own skills and her accomplishments.

“I feel lost in a sea of ​​numbers,” she said.

Vahan Terterian has applied for at least 150 jobs since he lost his job in December, but only a handful have expressed interest. The 26-year-old Denver resident most recently served as his product manager for his rental tech company Nomad. He worked for seven months before his layoffs were made.

“It was heartbreaking,” he recalls thinking about the upcoming layoffs.

After a few days of recovering from the shock of losing his job, Terterian also said he began to realize how many people were fighting over the current job openings. This is a very different reality than when I started working in May.

“The market is full of quality talent,” he said. “So it seems slower than when I first got this job in May. [back then]”

Terterian said he is asking employers more specific questions about financial stability, employment and prospects to avoid another layoff.

36-year-old Amber Adamson’s strategy is to sharpen her coding skills to make her more employable in technology. Adamson, who lives in Norristown, Pennsylvania, is leaving the teaching profession and as a junior her email developer at veterinary services company Covetrus, where she landed her first tech job in June, but she’s 9. was laid off in May.

She says there are many barriers for new entrants to the industry. First, as a prerequisite, entry-level positions often require years of experience, she says. Then there are the hundreds of qualified candidates she’s competing against. She increasingly sees laid off workers at her big tech companies posting as available for hire.

“I want to be more likeable to recruiters, so they’ll reach out to me,” she said. “The market is saturated, so you have to be prepared to sell yourself.”

Some workers find that the best route to a new job is through their professional network. Charell Star, a former head of branded media, social media and partnerships at Meta’s payments business, who has been in marketing for the past 20 years, is also part of Meta’s November layoffs after more than two years at the company. bottom.

The Maplewood, New Jersey resident was four months into her five-month maternity leave. It was the second layoff in her career.

According to Starr, the best prospects come through contacts who have heard about her layoff or seen a LinkedIn post announcing it. She’s getting hints about jobs that haven’t been posted or positions that haven’t been created yet, and some of her employment relationships have her recruiters transferring to her. Job cuts may be increasing competition, but they’re also creating a sense of community, she says.

“There’s a sense of camaraderie in us going through this together,” she said. .”

Richardson, a former content designer at Meta, said he’s been getting creative in his job search. With a background in fashion and an interest in media, fashion, retail, entertainment and technology, she is working on her big dream job. how big is it? She contacted the company’s Human Resources Director for Parkwood Entertainment and Beyoncé Knowles-Carter, who contacted the Obama Foundation.

“My advice is to keep a positive mindset and don’t be afraid to shoot,” she said.

5 quick tips for job seekers

  • Include a summary: At the top of every professional profile and resume, you should include a summary that highlights the job seeker’s most marketable skills and gives employers a sense of their personality. This is even more important for candidates who may not have direct work experience in the position they are applying for.
  • Use keywords: Professional profiles, especially online profiles, should be sprinkled with keywords throughout the computer system that candidates may be reviewing their resumes in the first place. Experts say job seekers should look at the most common qualities and skills required for the job and include them where applicable.
  • Highlight achievements: Job seekers should avoid relying on job descriptions to describe previous experience. Instead, you should emphasize your achievements with as many details as possible.
  • Connect with experts online: A professional network of candidates often leads to their next job. Experts say job seekers should reach out to people they know in the industry they’re interested in. But you also need to ask for introductions from people your friends, family, and co-workers might know, or to message completely unrelated people.
  • Posting on social media: To increase your chances of being hired, experts say it is wise for job seekers to post on their personal social networks to let people know they are looking for a job and provide details of the desired job. .

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