A layoff often referred to as redundancy or downsizing, is the temporary or permanent termination of employment by an employer, frequently for organizational or financial reasons. It happens when a company decides to cut back on or eliminate a particular number of roles, which makes the affected workers unemployed.
Layoffs are sometimes viewed as a last alternative for businesses with financial difficulties or undertaking significant changes to their company model. For individuals impacted, this may be a trying and stressful process. Businesses may provide severance pay or career coaching to people who are terminated as a kind of compensation or support to make a move to new work easier.
Many people are reevaluating their careers in this uncertain time. There has never been a better moment to think about upgrading your skills, changing your role, or possibly all three. The good news is that there are many tech occupations that are seeing rapid growth and are not vulnerable to layoffs or economic downturns.
Engineers
The introduction of ChatGPT has taught us that machine learning and artificial intelligence (AI) will become increasingly pervasive in our daily lives. Machine learning is also being used by businesses more and more to offer better and more effective services.
In fact, it is anticipated that by 2030, the worldwide AI market will exceed £1.3 billion. Financial services have also been made more accessible by AI and machine intelligence, and London continues to be a global powerhouse for fintech, with over 3,000 companies and counting establishing facilities there.
Cybersecurity Analyst
It is not surprising that there is still a need for cybersecurity professionals despite the thousands of people being let go by major technology corporations. CyberSeek’s workforce analytics for the cybersecurity industry found that there were 755,743 online job ads in that sector in 2022. While a little decline from the figures for 2021, the supply-demand ratio in this industry, which is currently at 68 workers for every 100 job opportunities, is still encouraging.
Leidos is a U.S. firm with offices in Reston, Virginia, that specializes in biomedical research, aviation, defense, and information technology. It is now looking for a cybersecurity network analyst to evaluate network packet data, keep up with appropriate computer network exploitation policies, and efficiently and effectively design adversary and attack analysis. You must have a Bachelor’s degree in software engineering or computer science as well as two years of experience using cybersecurity tools and conducting network analysis in order to apply.
Cloud Architect
Although many cloud organizations, including Amazon and Google, have made personnel reductions in the past year, there is still a great demand for talented individuals in this industry. In a survey released in April 2022, Gartner predicted that global end-user spending on public cloud services will exceed $600 billion by 2023. For comparison purposes, in 2021 it was $410.9 billion.
Also, until 2028, cloud computing is anticipated to develop at a rate of 19.1% per year. This field’s skills are highly applicable to other industries as well. A Cloud Architect is wanted by Abrigo, a provider of software solutions to financial institutions.
You’ll be passionate about technological advancement and innovation and have a solid background in high-growth businesses. The creation of a strict technology architecture, the development and implementation of a cloud computing strategy, as well as training and mentoring junior and senior developers and architects are all responsibilities.