A weaker economy won’t solve the tech talent crunch overnight

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We don't know what the future holds except that change is on the way, as bad economic news piles up seemingly on a daily basis. Although we are seeing layoffs and hiring freezes at some companies, it doesn't necessarily mean the talent crunch willbate immediately.

The tight job market we have experienced for the last couple of years will likely take some time to loosen. Tech companies large and small could still struggle to find talent in certain fields, like engineering, data science and cybersecurity, no matter what the macroeconomic conditions are like.

Over the last month, we have seen an increase in the number of startup layoffs at companies. The consumer streaming service threw some layoffs into the mix as well as big companies that have announced hiring freezes.

Despite the bad news, most startup founders, investors and HR pros don't think the job market will improve in the near term. The people in charge of hiring are going to have to shake the bushes for talent.

For a lot of people, the desire to be a part of something and help it grow is a stronger motivator than perks and pay. It is good news for startup looking for talent.

I've always believed that people don't join a company just for the economic benefits. They join for the chance to make a difference. In a lot of cases, it may be a more opportune time to take a chance in an early-stage company because you can focus on that long-term horizon, and you can get that opportunity to grow and have an impact.

He said there will still be opportunities for employees at good companies, but they need to create a good place to work.

Even in the tightest of economic environments, there is always going to be high demand for the best talent. Always. He said that the things that you need to do to attract, engage and retain employees doesn't change.