- Intel announced plans to layoff more than 15,000 employees, more than 15% of its workforce, as part of a $10 billion cost-saving initiative.
Pat Gelsinger He cited lower-than-expected revenue growth and challenges in benefiting from AI trends.
- Microsoft laid off about 1,000 employees in its Mixed Reality and Azure “Moonshots” departments in June and July.
- Massachusetts-based software company UKG cut 2,200 jobs, or 14% of its workforce, to focus on critical growth areas.
- California-based financial management software firm
Yours announced plans to eliminate 1,800 jobs, roughly 10% of its workforce.
- British instrument makers
Dyson Intense competition and rapid innovation will lead to around 1,000 jobs being cut in the UK, more than a quarter of the local workforce.
With major companies undergoing layoffs, employees around the world are concerned about their job security. However, you can greatly increase your job security by constantly upskilling, demonstrating your value, enhancing your soft skills, networking strategically, and staying adaptable. Securing your job amid widespread tech layoffs in 2024 requires a proactive and multi-faceted approach. Here are some steps that will not only help you secure your current job but also prepare you for future opportunities in the constantly evolving tech sector.
Continuously enhance skills
The tech landscape is constantly evolving, and it’s important to keep up with new technologies. Focus on emerging trends like artificial intelligence, blockchain, cybersecurity, and cloud computing. Platforms like Coursera, edX, and UdemyAmong others, offer courses that can help you stay ahead of the curve.
Also, try to get certifications related to your field. Certifications from organizations like AWS, Google Cloud, Microsoft, and CompTIA not only validate your skills but also make you more attractive to your current and potential employers.
Demonstrate your value
Keep detailed records of your accomplishments and the value you added to your organization. Quantitative metrics such as improved system efficiency, successful project completions, and cost savings can significantly strengthen your case during a performance review.
In addition, it is important that you are visible: regularly share your successes and contributions with your team and superiors. Make sure your Linkedin The profile is up to date with your latest achievements, endorsements and recommendations.
enhance soft skills
Technical skills alone are not enough. Effective communication, both verbal and written, is essential to convey ideas and collaborate with teams. Attend workshops or seminars that focus on improving these skills.
Demonstrating leadership is equally important. This, even in small capacities, can set you apart from others. Volunteer for team projects, mentor juniors and take initiative in problem-solving. Employers value individuals who can lead and work well within a team.
Network strategically
Build strong relationships within your organization. Internal networking can help you stay informed about potential opportunities and changes within the company. Attend company events, join professional groups and connect with colleagues across departments.
Expand your professional network outside of your organization, too. Attend industry conferences, webinars, and meetups. Join professional associations and participate in online forums related to your field. Platforms like LinkedIn and Twitter are great for connecting with industry peers and thought leaders.
Be Adaptable
The ability to adapt to new roles, technologies and work situations is invaluable. Show your willingness to accept new challenges and learn new skills. Flexibility can make you indispensable in a dynamic environment.
Joining cross-training opportunities to learn about different roles within your organization is another smart way to stay relevant. This not only broadens your skill set but also increases your understanding of company operations, making you a more versatile and valuable employee.
Ask for Feedback and act on it
Schedule regular meetings with your manager to discuss your performance and receive constructive feedback. Understanding your strengths and areas of improvement can help you advance professionally.
Also, make sure you can take the feedback positively and work on it. This shows your commitment to personal and professional growth. A proactive approach can significantly enhance your reputation within the organization.
Focus on high-impact projects
Associate yourself with projects that are critical to your organization’s success. High-impact projects often receive more attention and resources, giving you opportunities to showcase your abilities.
Also, look for ways to innovate and improve existing processes or products. Bringing up new ideas and driving innovation can set you apart as a visionary employee who adds significant value.
Maintain a Positive Attitude
It is very important to maintain a positive attitude when facing adversity. Resilience can help you get through tough times and inspire confidence in your colleagues and superiors. Be cooperative and supportive with your team members. A positive work environment promotes better performance and can help you build strong relationships with your colleagues.
Diversify your income
Consider diversifying your sources of income. Freelancing, consulting, or part-time work related to your field can provide additional income and expand your skills and network.
Stay informed
Keep yourself updated with industry trends and news. Understanding broader market conditions and knowing how they affect your field can help you make informed career decisions.
It’s also important to stay informed about your company’s performance and strategic direction. This knowledge can help you anticipate potential changes and adapt accordingly.
Focus on personal branding
Develop a personal brand that reflects your expertise, values and career aspirations. Contribute regularly to industry blogs, participate in relevant discussions on social media and share your insights on platforms such as LinkedIn.
It is also a good idea to establish yourself as a thought leader by sharing original ideas and insights in your field. Writing articles, giving lectures, and participating in webinars can help you gain visibility and credibility.
Be Proactive About Career Development
Assess your career goals regularly and create a development plan. Identify the skills and experiences needed to achieve your objectives and actively seek opportunities to gain them. Find mentors who can provide guidance and support on your career journey. Mentors can offer valuable advice, help you overcome challenges and introduce you to new opportunities.
