Do not panic over this layoff. Just make sure your skill is up to date. If you are in Africa with great skills, this is your time. Covid-19 enabled companies to do one experiment: many things could be done remotely. Post covid-19, a new business model is now being built around it. Yes, why hire that guy in New York, and pay him $160,000 per year, when you can find someone in Lagos who will take $25,000 and deliver near-level value?
The world is undergoing a massive corporate re-architecting but it is not just because of the Ukraine-Russian conflict, or fear of recession, but rather, new business model evolutions!
Remember this: protect your professional castle with up-to-date skills. Great skill is your moat. The world does not have enough technical people for layoffs to cause panic for any African techie. I expect new equilibrium points to emerge as this distribution of talent reshapes; Africa-based skilled people will thrive.
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Global economic downturn has continued to take a toll on industries, forcing tech companies to cut down workforce. Some big players in the American tech industry, such as Tesla, had earlier in the year announced plan to lay off employees. Now others are quietly doing it.
Insider reports citing affected employees, that Microsoft quietly laid off about 1,000 employees in teams across the company – making it one of the biggest layoffs that a tech company is conducting in recent times, and it underscores how much industries are anticipating recession.
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