Mario Ribera’s Post

The tech industry’s layoff wave continues this summer. Personnel reductions were recently announced at several hardware, software, semiconductor, and security companies—including actions at major players such as Dell, Intel, and Cisco. More workforce reductions will likely take place in the coming months. But why? Not because of cyclical adjustments, but rather, as the manifestation of corporate structural changes unfolding in real time that are designed to position and prepare for the proliferation of AI. Despite AI being a force for growth, companies are utilizing layoffs now to invest in AI and pave the way for long-term, top-line expansion. I see these factors at play:  - Embedding AI into product offerings requires capital, but with limited financing availability, tech companies need to self-fund investments. - AI will not just enable top-line growth, but also help automate internal processes to make tech companies more efficient - Businesses are reprioritizing fixed IT budgets to also emphasize AI investment Yes, tech companies are eager to jump on the AI bandwagon. But for most—with a few notable exceptions—it is looking more like an AI merry-go-round bringing companies back to the same cost-reduction actions we have seen in the past, without certainty on when—or if—the payback will arrive. Sign up at the link below to be the first to receive our full analysis of this topic. On September 4, 2024, AlixPartners will release our annual survey of tech company executives, Tech Sector Growth and Performance Report.

We weren't kidding...we're really back, and we come bearing gifts! The first is the 2024 State of IT report, which gives insights into how companies are adapting to ongoing challenges and increasing investments in technology. Did you know 87% of companies are thinking about switching tech vendors, while 59% plan to increase the size of their overall staff? Download the full report and learn more today: https://buff.ly/3TUbI05 #IT #Technology #StateOfIT2024 #aberdeen #SWZD #Spiceworks

Tech companies keep laying off people because they don't know how to build on Human Capital. They are also poor at Implementing for Impact (Design). They are more focused on convincing everyone starting with their investors what they have built is unparalleled and then the varnish starts wearing off. The shift is inevitable...from enterprise technologies to life technologies. Profit is not bad but it is equally important in four other value parameters other than Economic (Flexibility). Equally important also from the perspectives of Functional (Quality), Lifetime (Cost), Brand (Trusted Delivery) and Emotional (Service). #newera #digitaleconomy #value #valuecreation

This article spoke to me, as there's been a ton of churn in the marketplace, and especially in the technology sector, over the past year. It's a reminder that building organizational resiliency, stability, and flexibility are key as we continue through an uncertain period in the business landscape. How are you helping your organization to thrive in this dynamic environment? #employeeexperience #orgdevelopment https://lnkd.in/eKQAQ-Kd

Classic case of companies looking at short term gains than long term growth. Companies should treat all stake holders carefully, including talented engineers. Companies need to look at retaining, developing talents - not just cost cutting through layoffs to please stock market. If you can't upskill and retain employees, why should they hire first.

It's been 7 months. I've been networking, applying and interviewing for 7 months after being laid off. I've been 4-5 rounds deep with a few companies, some of them great, but still haven't seen an offer. That said, I've made so many new, valuable connections in the industry during this journey. The IT market sucks, along with other industries. That much is painfully obvious. A prime example is how my amazingly talented wife was able to get back on the market and secure multiple offers in the accounting industry in a matter of weeks. She's amazing, yes, but the number of finance-related jobs I've seen out there definitely outpace the number of candidates applying, while tech layoffs continue to make headlines. I could sit back and analyze what I am doing wrong, or why I'm not a fit for these companies, but that doesn't help me. I know what I bring to the table. I know what I am worth. I know that I will find the right fit soon. And thanks to Cathy Iconis, CPA, I don't have the pressure to accept a position that I'm not passionate about, just to pay the bills. While I still have irons in the fire and conversations in progress, my mind can't stay stagnant. So I've taken the last week or two to enjoy a staycation Spring Break with my girls while revamping Cathy's old website for our LLC, https://iconisgroup.com Until I secure a new full-time position, I will continue to focus on helping businesses modernize their IT environments in a consulting capacity while also continuing to learn about new technology. I'm open to leads if you have any 😉 Stay busy, my friends! Find out more at https://iconisgroup.com

It's no secret that the North American job market is currently going through a downturn...a massive reduction in market demand, consequent employee layoffs, anticipation of a recession, and the list goes on. 6 months ago, I took a plunge and ventured out to build something on my own by leveraging my prior experience as a Technology Consultant advising Fortune 500 companies. Given the market condition, I saw an opportunity to help SMEs and local businesses receive high-quality services at much cheaper rates while I represent partners who are doing cutting-edge work in the EMEA & APAC markets. So I'm happy to announce the launch of Arthtech Services 🚀 We are a Technology and Consulting Solution Provider, committed to delivering value through our partnerships and engagements. Here's what sets us apart: 🔹 High-Quality Partnerships: We are proud to partner with high-performance vendors who share our commitment to offering real value and ensuring client satisfaction. 🔹 Extensive Consulting Experience: Our team brings a wealth of consulting experience across 100+ industry sectors, enabling us to understand and cater to diverse business needs. 🔹 Deep SaaS Expertise: Specializing in SaaS product scaling and problem-solving capabilities, with a focus on driving efficiency and innovation in the logistics industry. Visit our website to know more: https://arthtech.ca/ Join us on our journey of innovation, excellence, and unparalleled success! 💼✨ #Arthtech #TechnologyConsulting #Innovation #LogisticsIndustry #SolutionsPartner

Keeping your business competitive in the ever-evolving tech world is no easy task. This article dives into strategies for navigating rapid tech advancements while ensuring your team is equipped for success. https://lnkd.in/gK-jhKYF We’ve got your back! Whether it’s IT outsourcing or hiring skilled professionals to meet your tech needs, we’re here to help your organization stay ahead. #TheMiceGroups #ITStrategy #RecruitmentNeeds #ITInfrastructure

Exciting news from the tech industry! 🚀 Here's a quick update: 1️⃣ Growth in IT Jobs: The US tech sector added 2,000 jobs in February, pushing the total employment over 5.3 million. This is significant, as it's the first positive movement in the three-month moving average since March 2022! 💡 2️⃣ Economic Resilience: Despite the ups and downs, there's a growing sense of optimism. Consumer and business confidence is on the rise, although the tech employment landscape remains complex with year-over-year job numbers still down. 3️⃣ Investing in the Future: Companies are cautiously hiring, but there's a clear recognition of the importance of tech talent. Skills in AI, automation, and cybersecurity are in high demand, fueling job growth in these areas.

What IT companies do tech specialists try to avoid? Hope your company does not meet any of the criteria🚫 Having discussed what attracts talents to IT companies (you can check it here: https://lnkd.in/enmTDjqY), let's turn our attention to the other side of the coin. Here are some of the factors that could be driving away potential employees, which business owners should take into consideration to make their companies more appealing to top performers. To illustrate how it works, we have shared a case from our own team on this very topic. Spoiler alert: it's about the test assignment 👇 #luckyhunter #itrecruiting #business #redflags #tech #technology #case