There is no doubt that layoffs in the tech sector have affected Europe. During the late spring and summer, staff cuts continued. Used car marketplace Cazoo has announced plans to cut 15% of its workforce, while hitherto untouchable fintech giant Klarna has announced plans to cut 10% of its global workforce.
Many tech companies started hiring during the pandemic, such as those involved in online retail and delivery services, which boomed during the period. Now, with fears of a looming recession and rising inflation reducing consumer spending, many of those same companies are cutting costs and conserving cash.
But the removal of personnel does not tend to affect the entire company. Often, specific projects or departments are cut. For example, Snap is starting to lay off 20% of its staff at its hardware division, Zenly (a social mapping app) and a team that works on games and mini-apps on Snapchat. Similarly, payments company Stripe has laid off about 50 employees working at TaxJar, a tax compliance startup it acquired in 2021.
In a slightly volatile technology environment, cloud jobs remain a good bet. When Alphabet, the parent company of Google, and Microsoft both announced their quarterly earnings in late July, the biggest takeaway was that the cloud was a winner for both.
Both companies did well in their cloud businesses, with Microsoft’s server and cloud revenue up 26%, driven by Azure and its other cloud services, which saw sales rise 46%. Similarly, Google Cloud revenue increased 36% year over year.
The speed of digital transformation has increased rapidly thanks to the pandemic. A McKinsey Global Survey found that companies accelerated the digitization of their customer and supply chain interactions and their internal operations by three to four years, and that the share of digital or digitally enabled products in their portfolios accelerated by seven years.
In 2020, when Microsoft CEO Satya Nadella presented the company’s first quarter of the Covid era income statement, he also emphasized the speed of change. “We saw two years of digital transformation in two months. From remote teamwork and training, to sales and customer service, to critical cloud infrastructure and security, we work together with customers every day to help them adapt and stay open for business in a world of remote everything. “
The sector is only going to grow. Gartner says that by 2025, 95% of new digital workloads will be deployed on cloud platforms, up from 30% in 2021. In addition, global cloud revenue is expected to reach $474 billion this year, up from $408 billion dollars in 2021.
As legacy and enterprise businesses move to the cloud and more and more new businesses start operating from a cloud-native perspective, it’s a good time to be in the sector. If you’re looking for a new job, we look at three companies that are hiring below, and there are many more positions you can find on the Tech.eu job board.
Based in Pune, India’s Silicon Valley and Mumbai, eClerx is an Indian multinational IT consulting and outsourcing company engaged in providing business process management, automation and analytics solutions to Fortune 500 companies. The company employs more than 15,000 people globally and is currently hiring for positions that include Senior Agile Software Developer and Data Architect.
Check out some of his open roles here.
A global professional services company, Accenture has leading capabilities in digital, cloud and security. It is one of the most prestigious and largest firms in the consulting industry and employs more than 674,000 people worldwide in 50 countries. The company is currently hiring for a range of technical roles that include MDM Engineer, Oracle/Java Developer and Strategy Manager for Internet, Software and Platforms.
View all Accenture open roles here.
The world’s number one job site, Indeed’s website reaches over 250 million unique visitors per month and is available in more than 60 countries and in 28 languages. Since 2004, Indeed has given job seekers free access to millions of jobs from thousands of company websites and job boards. It’s hiring for a range of roles, including software engineering jobs.
Find all open jobs here.
Explore cloud roles and many more tech jobs across Europe on the Tech.eu job board