As layoffs in the technology sector spread across the world, Jaydeep Vacchani began to look for a new job.
In October he had five interviews on the go after finding his expertise in automation and cloud was in demand.
Data storage and processing can be shifted to a third party in the cloud. Meanwhile automation means building software that streamlines labour intensive work.
He found a perfect fit at sherpa, a remote-only tech firm offering customers a way to secure travel visa documentation online.
"I like to work with a company that is focused on the user experience, especially when it comes to a product I can relate to, since I also had a challenging time trying to get the right visa paperwork when I moved to Canada from India," says MrVacchani, who is
This wave of layoffs didn't bother him because of the demand for his skills, such as coding in the Javascript language, and managing the infrastructure for products and data housed in the cloud.
Alex Gogan, VP of Engineering at sherpa, looks for a "sweet spot of those who enjoy creative and collaborative work, and are really good at it, also."
Mr Gogan says that the start-up wants to grow by hiring specialists who can focus on scaling the company and help others who need mentoring.
It's a good time to hire people with those skills.
According to Layoffs.fyi, there have been 143,500 layoffs in the tech sector in the last two years.
Tech firms have been cutting their workforces since the beginning of the Pandemic.
Meta laid off more than 11,000 employees and Amazon let go more than 10,000 employees.
The bloated workforces created during the Pandemic were seen as a self-correction by some experts.
Margaret O'Mara is the author of The Code: Silicon Valley and the Remaking of America.
She says that there has been a decrease in the amount of external capital resources that have been used to prop up companies in Silicon Valley.
The rise in tech worker layoffs is indicative of two other trends in the market. The high salaries the companies used to offer are no longer being cost-effective.
She sees demand for engineers with experience in artificial intelligence and data science in Silicon Valley.
A report from the Organisation for Economic Co-operation and Development shows that job postings for digital roles in the US increased by 24% between the years of the report and the current one.
Ms O'Mara thinks compassion and empathy are desirable skills for tech companies to hire. She says that companies want to ensure that there are voices in the room that understand the sociology of the products they produce and the impact they have.
She wants to see more influential companies enter that stage of maturity.
Businesses will still need tech resources and software development projects according to Craig Freedberg.
He believes that companies will be hesitant to expand their workforces and will instead use temporary tech workers.
He says that they have seen similar scenarios in other economic downturns.
There is a boom in remote work caused by the swine flu.
According to a recent report, the majority of Gen Z and the younger generation prefer to work from home.
Silicon Valley attracts ambitious software engineers and developers. Toronto and Lisbon offer attractive tax breaks in order to attract tech entrepreneurs.
Margaret O'Mara doesn't see a lot of people leaving. In Silicon Valley, companies come for the talent, to recruit the best people, and that's still happening.
LuZhang is a venture capitalist. The new normal will be to rely on the core values within Silicon Valley to help founders get started and create their initial products and learn about market fit, but then to expand outside those borders to leverage talent outside Silicon Valley and remotely hire from other tech hubs.
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