There is no doubt that tech layoffs have impacted Europe. Through the late spring and summer the headcount cuts kept coming. Second hand car marketplace Cazoo announced plans to cut 15% of its workforce, while the previously untouchable Fintech giant Klarna announced plans to lay off 10% of its global employees.
Many tech companies went on hiring sprees during the pandemic, for example those involved in online retail and delivery services, which saw a boom during that period. Now, with fears of a looming recession, and soaring inflation dampening consumer spending, many of these same companies are cutting costs and preserving cash.
But headcount culls don’t tend to impact an entire company. Often it is particular projects or departments that get chopped. For example, Snap is beginning a lay off of 20% of its employees across its hardware division, Zenly (a social mapping app), and a team that works on games and mini apps within Snapchat. Similarly, payments company Stripe laid off about 50 employees working on TaxJar, a tax compliance startup it acquired in 2021.
In a slightly shaky tech environment, cloud jobs remain a good bet. When both Alphabet, the parent company of Google, and Microsoft announced their quarterly earnings in late July, the biggest highlight was that cloud was the winner for both.
Both companies did well from their cloud businesses, with Microsoft’s server and cloud revenue increasing by 26%, driven by Azure and its other cloud services, which saw sales growth of 46%. Similarly, Google Cloud revenue was up 36%, year on year.
The pace of digital transformation has rapidly increased thanks to the pandemic. A McKinsey Global Survey discovered that companies have accelerated the digitisation of their customer and supply-chain interactions and of their internal operations by three to four years, and that the share of digital or digitally enabled products in their portfolios has accelerated by seven years.
In 2020 when Microsoft CEO Satya Nadella delivered the company’s first Covid-era quarterly earnings report, he highlighted the pace of change too. “We’ve seen two years’ worth of digital transformation in two months. From remote teamwork and learning, to sales and customer service, to critical cloud infrastructure and security – we are working alongside customers every day to help them adapt and stay open for business in a world of remote everything.”
The sector is only set to grow. Gartner says that by 2025, 95% of new digital workloads will be deployed on cloud-native platforms, compared to 30% in 2021. In addition, global cloud revenue is set to reach $474 billion this year, up from $408 billion in 2021.
As legacy and enterprise businesses make their move to the cloud, and an ever increasing number of new businesses begin operations from a cloud-native standpoint, it’s a good time to be working in the sector. If you’re looking for a new job, we’re looking at three companies which are hiring below, and there are lots more roles to discover on the Tech.eu Job Board.
Based in Pune, the Silicon Valley of India, and Mumbai, eClerx is an Indian IT consulting and outsourcing multinational company which is engaged in providing solutions to Fortune 500 companies around business process management, automation and analytics services. The company employs more than 15,000 people globally and is currently hiring for roles which include senior agile software developer and data architect.
Check out some of its open roles here.
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 which include MDM engineer, oracle/java developer, and internet, software and platforms strategy manager.
Check out all Accenture’s open roles here.
The world’s number one jobs site, Indeed’s website achieves over 250 million unique visitors per month, and it is available in more than 60 countries and 28 languages. Since 2004, Indeed has given job seekers free access to millions of jobs from thousands of company websites and job boards. It is hiring for a number of roles including software engineering jobs.