In total, more than 118,000 people have lost their jobs in tech this year, but don’t fret plenty of companies are still desperate for talent.
, or 13 percent of its workforce. Snap, Lyft, and the payments company Stripe have also recently shrunk their payrolls, collectively shedding around 3,000 workers., a site that tracks publicly reported job cuts in the industry. At the same time, companies including Amazon and Apple have slowed or frozen their hiring, reducing the number of open roles in Big Tech that can soak up people suddenly out of work.
Despite their command of the headlines, Big Tech companies are just one niche in the broader tech industry. Many smaller firms and companies in adjacent industries are still hiring tech workers, albeit at slower rates than tech giants recently did, and potentially for lower salaries. Some companies are now jumping at the chance to attract people previously monopolized by recruiters from the largest companies.
“These workers are at a huge advantage,” says Julia Pollak, chief economist with ZipRecruiter. “There is still strong demand for tech talent in a wide range of industries, from government to retail to agriculture. Those industries for the past years have been left in the dust.” The Big Tech forced exodus is also opening new opportunities for startups and investors aiming to create the next big thing. “To everyone affected by the Meta layoffs: Monomi Park is hiring,” Nick Popovich, CEO of an independent gaming studio,
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