Over the past few months, a spate of tech layoffs have taken place. Investors push companies to deliver results and keep stock prices up, so that’s why some of the largest tech firms have trimmed their workforces to boost efficiency and profitability. This has caused a ripple effect among the technology community as companies reevaluate their priorities, projects and team structure.
The truth is, the trend of tech layoffs won’t be stopping any time soon. Whether it’s because investors are increasingly demanding a return on their investment, or companies are anticipating a recession, more layoffs are on the horizon. The best way to prepare for that is by keeping your skills sharp and making sure your work is contributing to the company’s bottom line.
Tech companies need a strong, flexible team to innovate, adapt and stay competitive. This requires a culture of continuous learning and support.
Ultimately, embracing the change that comes with a tech layoff can help companies grow stronger in the long term. The right attitude, communication, and training can turn layoffs into a positive opportunity to strengthen the tech team.
In fact, our previous research found that employees who survived layoffs were able to find new jobs faster than those who didn’t. The key is to understand why tech layoffs happen, spot warning signs and be ready to take action when necessary. To learn more about what to expect when a layoff happens, and how to prepare for one, download our free guide on How to Be a Resilient Tech Worker.