The year 2022 ended with thousands of massive layoffs in big tech companiesespecially the Americans and that streak has also marked the first weeks of 2023, with the case of Google being one of the most notorious (especially due to its lack of tact in informing people that they would no longer be in the company). and also that of Microsoft.
While a few weeks ago there was talk that this could be a great opportunity for startups to access highly-skilled professionals who until now only looked towards big tech, now we know that many people are entrepreneurship. According to a recent survey, 63% of workers in the technology sector say they have created their own company after being laid off.
The study has included 1,000 professionals laid off during the years of the pandemic and has been published by Clarify Capital. The Most of the companies created, 83%, belong to the technology sector.
This report concludes that many technology professionals, affected by layoffs or fear of layoffs, they are exploring more entrepreneurial options instead of opting for standard jobs full time.
Many startups in AI
One example is that the accelerator Y Combinator, an incubator for technology startups, reports startup applications up 20% in 2022 and quintupled in January 2023 from the previous year, according to data from Aran Richardson at Yahoo Finance.
Zaven Nahapetyan, co-founder of Niche.club, and former director of engineering at Facebook has stated that there are many opportunities marked by decentralization, AI and virtual reality and increased. “This combination creates opportunities for new companies.” In the Clarify Capital study, it stands out that 58% of those surveyed say that they feel better with their new job security.
The times to reach this point between a layoff and the creation of a company are going calmly. A third of those surveyed started in the first six months, while 40% did so between six and twelve months later. Also, almost all of them have invested an average of $20,000 of their own funds to start with.
many of these people were laid off, therefore, in the pandemic years. We will have to see in the coming months what happens to the thousands of people laid off by giants like Twitter, Meta, Google, Amazon or Microsoft.