Many companies during the Corona pandemic abandoned their employees, and technology companies were not immune to these layoffs, which raises many questions among technical experts about changing supply and demand in an industry that is booming in some areas during the pandemic.
Because these questions are the top priorities for everyone everywhere nowadays, TechCrunch contacted experts at technology recruiting companies to find out their opinions and expectations of what will happen in the labor market during the next three to six months.
Surprise .. job seekers are on the decline
Specialists have told TechCrunch that they have seen a sharp drop in job searches with many professionals and technologists on the market, and observers attribute this drop to the closing situation that complicates recruitment procedures, forcing job seekers to wait.
Sales and marketing centers - especially in startups that deal directly with consumers - were dealt a severe blow, and will not return any time soon, perhaps not even in 2020.
Carolyn Bates, Betts Recruiting Corporation, says that when the Coruna virus struck, we saw a freeze of 80% of our work.
Bates Recruitment, which provides the market with employees in technology, sales, marketing, and human operations, says its clients have laid off workers due to the market situation, resulting in the disposal of 30% of the employees of these companies and reducing the remaining salaries of employees by 20%.
However, the company found that, in contrast, there are active recruitment processes to search for competencies in certain areas with lower salaries than usual, "There are so many talents on the market that there are reserve candidates for backup candidates."
The company advises job seekers at the present time to admit that the game has changed and not to pressure when negotiating salaries with the recruitment company that "will move to the next candidate. Everyone will be hired within their budgets now, and will not make exceptions often."
Upper class
Most companies have largely blocked searches for senior positions today. "Before the Corona pandemic, the company was working on nearly 160 active searches for employees in administrative centers, that number decreased by more than half ".
She adds that some of her clients have canceled the search for managers of their companies, while others stop searching temporarily to find out what will happen during the coming period.
Meanwhile, some roles are more affected than others, McFadden says, and notes that executive office wages in companies that have been negatively affected by the Corona virus have decreased, as senior supervisors are now getting a 20% reduced salary, while the next level of The administration has a 10% reduced salary.
Sam Holly, a longtime partner with the Valley Valley recruitment and engineering firm specializing in engineering and design, expects the engineering market to decline in the coming months with wages dropping 10% to 20%.
It is a matter of demand and supply. For the first time in more than a decade, the supply of engineering talent in the market may exceed the need for it, or at least the ability to pay for it.
While new companies are always created, finding a suitable job may take up to a year, and this period may be reduced if you search for work in a different industry or other geographic region.
The news is not all bad
And because much of the technology sector is improving better than elsewhere, there is still some movement on the employment front
Bates says she is starting to see companies "upgrading" their teams, which means firing lower-performing employees and replacing them with talent that enters the market with lower salaries. This is particularly the case with industries that sell to the government, and sell productivity improvement and health care programs.
Holly believes that "strong companies continue to employ", and there are two categories of strong companies in the current situation in the technology sector, namely small startups that focus on developing products with a large number of employees, and companies that find greater demand for their products at the present time, such as Software tools designed to make the difference remotely.