The Kubera Principle

The Book That Will Change the World

Despite recent layoffs at tech companies including Google, Microsoft, Amazon, Salesforce, and Meta, job seekers should not assume this pattern will continue outside the tech industry.

According to Rucha Vankudre, a senior economist at Lightcast, a labor and analytics firm, many tech companies hired during the pandemic to keep up with consumer demand for digital tools in entertainment, shopping, education, and work. As life and work shift back to pre-pandemic spending and behavior patterns, companies are reducing headcount accordingly and to free up resources to pursue new business opportunities that were put on hold, or emerged, during the pandemic. In short, regarding layoffs, Vankudre says, “This seems really pretty niche (for the tech industry) at the moment.”

What job seekers should assume is that with layoffs comes competition in the employment market and to stand out they must be strategic. Soft skills such as communication, critical thinking, problem solving, team work, and worth ethic are highly transferable between industries and can often be the difference between you receiving job interviews and offers or not.

Read the full story on Forbes: https://www.forbes.com/sites/sarahdoody/2023/01/19/laid-off-from-a-tech-company-leverage-your-soft-skills-to-get-hired-in-another-industry/?sh=107b24344c2c

Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1

Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:

https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript

Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com

Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.