For the thousands of workers who’d never experienced upheaval in the tech sector, the recent mass layoffs at companies like Google, Microsoft, Amazon and Meta came as a shock.
Now they are being courted by long-established employers whose names aren’t typically synonymous with tech work, including hotel chains, retailers, investment firms, railroad companies and even the Internal Revenue Service.
“It’s a real opportunity for the federal government,” said Rob Shriver deputy director of the U.S. office of Personnel Management. “We have just about any tech job that anybody could possibly be interested in the federal government.” To be sure, the competition for tech talent remains tight, and many companies, including tech companies, are still hiring — just more slowly. The unemployment rate for tech workers is just 2%. But some who lost their jobs in Big Tech swiftly landed jobs at non-tech firms.
Jonathan Johnson, CEO of online retailer Overstock, said that he has seen a 20% increase in applications for tech job openings in first quarter compared to a year ago. He also noted that it’s taking a shorter time to fill a spot compared to a year ago and that the quality of applicants has improved.
Tech firms still saw a 46% increase applications from tech majors, as Handshake received more applications overall from that group. But the application to government jobs rose much faster, tripling from last year. Hospitality and health care jobs also saw an increase in applications from tech majors — 18% and 82%, respectively — and their share of applicants from that pool remained steady.
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