LinkedIn COO says it’s still a good time to be a tech worker despite massive layoffs

Despite headlines reporting massive layoffs at Amazon, Meta, Microsoft and Spotify, now is the time to be a tech worker again, a LinkedIn executive has said.

“One of the clear trends of the past decade is that every business is becoming a technology business,” said Daniel Shapero, chief operating officer at LinkedIn. The National‘s Business Extra podcast during a recent visit to Dubai.

“While the tech sector may face headwinds… there remains a very large gap between the supply of digital skills and the demand for those skills in markets around the world.”

More tech jobs were lost last year than during the dot-com crash of 2000, according to Chicago-based global jobs firm Challenger, Gray & Christmas.

The tech sector has been the biggest job cutter in an otherwise tight job market globally after a glut of hiring for digital age positions during the Covid-19 pandemic.

Rising interest rates and recession fears in the United States, the world’s largest economy and home to some of the biggest tech players, were also contributing factors.

Business is increasingly becoming a team sport

Daniel Shapero, COO of LinkedIn

LinkedIn, which it says has more than 875 million registered users, this month shared data indicating it expected hiring to continue to slow, but predicted that would not translate generally not by a sharp increase in unemployment.

It determined labor market tightness by looking at the ratio of open jobs to applicants on its platform.

“As the next 12 months look more challenging, there are opportunities for those looking to change careers,” the company said.

Sustainability, cybersecurity and sales occupations are among the fastest growing jobs and offer some of the most exciting opportunities for job seekers.

There are two active candidates for every open position in the UK and France, for example, and one active vacancy for every active candidate in Germany and the USA.

Shapero, who has been with LinkedIn for 15 years, said building skills is his best advice for creating long-term opportunities.

“A lot of data shows that, increasingly, digital skills in particular continue to be in huge demand by employers,” he said.

“My advice to anyone starting a career or trying to advance their own career is to be very deliberate about the skills they want to develop and the relationships they will invest in, to help create opportunities for themselves. over time.”

He said two trends are reshaping workplaces: a greater value placed on teamwork over individual work and a growing demand from employees to hear from leaders.

“The big shift has been from individual work to the atomic unit of how companies do work, to teamwork being the atomic unit of how people do things,” said Mr. Shapero.

“Business is increasingly becoming a team sport.

“The other thing that’s going on, and you see it on LinkedIn, is people want to know more about their leaders – what they stand for, what values ​​they have, in picking the teams they want to be with. work.

“One of the reasons this is so important is that many of the most talented people have choices, they can choose the types of employers they want to work for and the projects they work on. And so, if you want to attract top talent, you need to be transparent and visible as a leader.

What sets Gen Z apart from others in the workforce is “they’ve learned that the job I have today prepares me for the career I want tomorrow,” he said. .

“The work I do today teaches me things, and those things I learn are what will unlock opportunities that I am passionate about in the future. So I think those two lessons learned in the economy…are incredibly powerful, both on the employer side, but also on the talent side.

On the topic of remote work and the rise of augmented and virtual reality to create collaborative working environments online, Shapero was cautious.

“When I talk to my clients, they keep building the power of people coming together physically,” he said.

He added, however, that he expects to learn a lot over the next few years about how the metaverse and artificial intelligence could reshape work.

“It continues to be magical when people come together to build relationships and work as a team,” he said.

“And I think that will probably continue in the future.”

Updated: January 25, 2023, 03:07

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