If you work in tech, there’s no ignoring the recent headlines surrounding layoffs.
Amazon has shed more than 18,000 employees, Meta has laid off around 11,000 people and Google’s parent company Alphabet has plans to let go of 12,000 workers. Then there are the details surrounding the cull at Twitter: staff numbers have roughly halved since Elon Musk took the helm at the latter end of 2022. On the face of it, the outlook seems stark.
But away from Silicon Valley and focusing solely on Europe, the statistics tell a different story: According to recent data compiled by Deloitte, the European tech industry remains robust, particularly in the fields of mechanical engineering, and the technology powering the automotive industry.
In fact, tech has accounted for sales of €1.5 trillion and more than 8% of European economic output. Part of this success can be attributed to the mass adoption of large software and the digitisation of traditional industries like banking. Software alone accounts for around 30% of industry revenue.
A large portion of this success boils down to the fact that certain sectors are in better long-term shape than others, and the vast majority of people employed in software development or engineering, cybersecurity, and AI and machine learning have enjoyed immunity from the recent job market volatility.
However, certain growing sectors are poised to help bolster the European tech sector even further. The Internet of Things (IoT) is a huge growth area—already the number of connected objects has exceeded 1.5 billion, and this figure is expected to double by 2030, going beyond smartphones and laptops and looking towards assisted driving or digital healthcare devices.
And that’s before we even consider the potential of the metaverse and how augmented reality (AR), virtual reality (VR), and blockchain technology are the essential components driving and developing innovation and predicted mass adoption.
So what does this mean for tech employees currently working in the space? The outlook remains positive, and for those in the market for a new job, there are still plenty of choices when it comes to navigating the job market.
The Tech EU Job Board is the perfect example of this—it is filled with hundreds of opportunities in companies that are actively growing their workforce to further fuel sector demands, like the three jobs below.
Senior Backend Engineer, Engagement Alliance (m/f/x), HelloFresh, Berlin
HelloFresh wants to change the way people eat and its backend developers assume development and operational responsibility for the HelloFresh platform that serves millions globally. As a Senior Backend Engineer working on the engagement alliance team, you’ll be tasked with helping customers use the HelloFresh platform to their best advantage. To do this you’ll take ownership of the architecture, design, development, deployment, and operations of the microservices you will develop, using DevOps practices, pair programming, and other cutting-edge methodologies. Applicants should have solid backend experience within Microservice architecture using Golang along with experience using Docker and Kubernetes. View more details here.
Web Developer, Ortec Finance, Amsterdam
(Senior) Business Intelligence Analyst Data Enablement (all genders), Zalando, Berlin
Zalando’s vision is to be the starting point of fashion. As (Senior) Business Intelligence Analyst Data Enablement, you will help drive business growth and you will contribute to building foundational data and analytics competencies, and will be able to enable other teams to generate insights from the data you provide, using it for steering and decision-making. You’ll also enjoy the challenge of becoming a sparring partner for marketing analytics, product analytics, logistics analytics, and purchasing analytics topics while overseeing the implementation of data governance tools, including data quality, data catalogs, data lineage and data analysis to support data governance decisions. See the full job description here.
Lead image: Clem Onojeghuo