STORY BY
Kirstie McDermott
2022 was a year of highs and lows for job seekers. A turbulent economic landscape was scarred with job losses across the tech industry, rising inflation across Europe, and high energy and grocery costs drove a cost of living crisis, which, combined with a looming recession, made many workers understandably nervous.
Given that environment, it would be easy to think it’s a bad time out there for anyone looking for a new job, particularly if they work in the tech industry. The truth, of course, is a little bit different.
Those layoffs we’re seeing across tech behemoths such as Salesforce, Meta, and Amazon to the superstar fintech unicorns like Klarna and Stripe, are in many cases a reaction to previously over-confident predictions, and have been done in order to cut costs and preserve cash runways as the global economy slows down.
However, many sectors and jobs within tech remain remarkably buoyant as the effects of the pandemic give with one hand and take with the other. While some ecommerce companies, like Shopify, are feeling the pinch as future growth predictions failed to materialize once we went back to normal habits, the flipside is that the cloud computing and SaaS sectors are experiencing growth.
