Tech giants have cut tens of thousands of jobs. Automakers are ready to hire them
But the auto industry doesn't need to undergo massive cuts — mostly because they already have over the past few years.automakers have spent the last three years figuring out how they're going to go after electrification, autonomous driving — or increasing ADAS rather than full autonomy — and their connected car strategy," Richard Surridge, founder of recruiting firm AVANT Future Mobility, told Insider.
Tech companies, meanwhile, had enjoyed a decade of unmitigated growth thanks to low interest rates and a floor of new investor money. As these companies enter a new phase and a different economy, the tech industry is experiencing its first real belt-tightening. "All of the tech companies are a bit bloated," Surridge said, noting that the automotive industry has the opposite problem when it comes to staffing. "Legacy auto is underpopulated in order to fully go after the future of mobility — primarily, electrification,In preparation of the massive EV transition and the introduction of other industry-changing shifts, automakers already used the time before the pandemic, and during it, to make adjustments to their workforce.
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