Wave of layoffs in the technology industry: Is there hope in the sector?

When the war in Ukraine broke out in February 2022, Europe already knew that the consequences of the conflict would be very important for the continent.

Oliver Thansan
Oliver Thansan
28 June 2023 Wednesday 10:55
8 Reads
Wave of layoffs in the technology industry: Is there hope in the sector?

When the war in Ukraine broke out in February 2022, Europe already knew that the consequences of the conflict would be very important for the continent. One of the aspects that has triggered the invasion has been the wave of layoffs in the technology sector, according to Reuters, which has pointed out this phenomenon.

Inflation and the risk of recession have led many companies to cut back and technology companies have been one of the most forceful companies with their snips. The outlook may seem bleak, but there is still some hope for those employees who have been laid off.

According to the research portal Layoffs.fyi, as of today during 2023 there have been 210,269 layoffs in the technology sector, as narrated in the list that collects this data from companies such as Logitech, Meta or Ericsson, among many others, making it clear that the wave of layoffs continues.

The banking and technology sector has also begun to lay off its employees en masse, especially with cases such as Deutsche Bank, an entity that already announced in April that it would lay off almost 1,000 of its workers after the restructuring it has planned in the future. nearby.

Telecommunications are also being punished by this mixture of war, inflation and recession and not even the largest are spared. Vodafone has recognized that hundreds of its jobs in Europe will fall due to the complicated situation that the continent is going through at the moment.

As if that were not enough, artificial intelligence has landed with all its possibilities and its threatening capacity to replace millions of humans around the planet by doing their functions more efficiently and extremely cheaper, as BT has made clear, where almost half of the squad will be fired in favor of the AI.

So this is the end? It doesn't have to. Most of these workers who have lost their jobs have very valuable studies and experience in the current labor market, even if their companies have chosen not to continue counting on their skills.

Training is the great answer to the questions of those who believe that they will no longer be able to form part of the new paradigm that comes with artificial intelligence, since highly specialized professionals will be needed who know how to get the most out of AI and supervise its functions, which still have a long way to go.

Resorting to courses, titles and training will be the next step that these professionals must take to re-engage in the labor market, which is being revolutionized by these various factors, but which continues to take place for the thousands of recent unemployed, especially in Europe.

The Master of permanent training in telecommunications will allow you to study, design, develop and exploit the different systems that allow all kinds of remote communications to be carried out, with telecommunications engineering being the discipline in charge of resolving all technical issues associated with former.

With the Master in telecommunications and networks you will be able to learn about the development of telecommunication installation projects for the reception and distribution of radio and television signals in the environment of buildings, their maintenance, the development of installation projects.

For its part, thanks to the higher cycle of FP of Higher Technician in Telecommunications and Computer Systems, you will learn to develop projects for telecommunications facilities or systems, obtaining data and characteristics for the preparation of reports and specifications.