Disruptive innovations. Sudden shifts in buyer behaviours. New competitors.
When it comes to the technology sector, uncertainty isn’t the exception, but the rule. Even before the coronavirus crisis incited major workforce reductions across British businesses, tech redundancies were high due to fierce competition, cost- cutting measures, and mergers and acquisitions. Many UK & European tech companies and start-ups have seen significant redundancies across their employee base.
Coupled with that challenge, the tech industry is also battling a shortage of key talent. Many employers still report difficulties recruiting and retaining workers for crucial positions. Companies take 50% longer to hire for a tech role than for other duties—and turnover rates are higher in the tech sector than in any other industry.
Download our free booklet below, which outlines INTOO’s outplacement and career mobility services which are built to protect your employer brand and company culture.