The first month of 2023 isn’t over, but tech layoffs are already happening at a rapid pace. Layoffs.fyi reports that 122 tech companies have laid off 37,526 of his employees so far. This includes Amazon cutting 8,000 jobs and Coinbase laying off 950 employees.
Last week, Microsoft announced it would cut 10,000 jobs this year. Google last week announced plans to lay off 12,000 employees. On January 4th, Salesforce CEO Marc Benioff announced in an internal memo that the company would also lay off 10% of its workforce.
“I’ve been thinking about how I got to this moment,” Benioff wrote. “The acceleration in revenue through the pandemic has resulted in hiring too many people, leading to this economic downturn we are currently facing.”
For example, Meta had about 58,000 people in 2019. The company is aggressively increasing numbers, and by the third quarter of 2022 he has 87,000 people on staff. In a high-growth pandemic year, you need to scale back to improve profitability.
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Benioff and Zuckerberg’s comments show the current environment and the pressure many tech companies are facing to correct. But the big picture is that the industry as a whole is still an area with a lot of growth opportunity.
According to a recent survey, 96% of workers will be looking for a new job this year. 46% expect their salaries to rise due to inflation and the cost of living, and only 11% believe their new job will reduce their income.
More money is the biggest motivator, but there are other factors as well. Just over one-third of them report no room for growth in their current job, and 25% say they are in a toxic workplace.
If money is your motivator, the good news is that salaries have risen over the past year. According to the U.S. Bureau of Labor Statistics, average weekly earnings in the fourth quarter of 2022 were $1,085, down from the same period last year. increased by 7.4%.
Growth area
Certain job and career sectors are seeing high growth as well, making it a solid bet for job seekers in 2023. The Burning Glass Institute analyzed 228 million job ads to identify the fastest growing jobs and the most in-demand new skill sets.
The resulting report, How Skills Disrupt Jobs, shows high demand for artificial intelligence (AI)/machine learning (ML), cloud computing, product management, and social media.
Other sectors are also seeing growth, such as data science and blockchain. According to Glassdoor data, the global annual growth rate for blockchain job listings in 2021 was about 300%.
Demand far outstrips supply when it comes to cybersecurity roles, with a global shortage of 3.4 million cybersecurity workers. According to the U.S. Bureau of Labor Statistics (BLS), the number of information security analysts is expected to grow 35% between 2021 and 2031, making him the eighth fastest growing country. has become a profession.
All lead to a positive outlook, so if you’re looking for a new job, here are three things you should discover.
Data Scientist, PayPal, Scottsdale
As a data scientist within PayPal’s Fraud Defense Cyber Center, you help teams identify features and data points that can be leveraged to mitigate fraud and prevent future abuse. Lead analytics-driven projects that operationalize data and quantify fraud and abuse risks while maintaining organization, setting clear goals, and providing clear up-to-date information. Applicants must have a university degree, preferably in a quantitative discipline (mathematics, analytics, computer science) or equivalent work experience or industry certification. Proficiency in working with large datasets and familiarity with financial fraud and abuse methodologies specific to fintech are also required. Get complete application information here.
Senior Cybersecurity Architect, Wells Fargo Bank, Chandler
Wells Fargo is seeking a Senior Cybersecurity Architect focused on providing security architecture and design solutions, vendor and product evaluation, consulting, and education. Work with application teams to derive an accurate description of application architecture, model the architecture, apply bank threat modeling techniques to identify and prioritize threats to those applications, and apply mitigation controls. increase. If you have 4 years of experience in system architecture and 3 years in information security, apply for this position today.
Senior NLP Research Engineer – Artificial Intelligence Group, Bloomberg, New York
As the amount of unstructured data grows, natural language processing has become an important tool for Bloomberg. The Senior NLP Research Engineer – Artificial Intelligence group collaborates with colleagues on the design, experimentation, evaluation of algorithms as well as production systems and applications, models, and the creation, testing, and maintenance of production-quality code. Students are also required to present their research results at major academic institutions. Applicants must have a master’s or doctoral degree and 2-5 years of work experience. Read the full job description.
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