TORONTO — Thousands of tech workers started hunting for new jobs as layoffs rippled across the industry in recent weeks, but many say these workers won’t be on the market long.
A wave of companies in the tech sector and beyond are lining up to lure in some of the highly-specialized workers startups and tech giants have let go as investor exuberance around the industry faded over the last few months.
“The good ones are getting picked up in like an hour and if not, in a day or two,” said Abdullah Snobar, executive director of the DMZ tech hub in Toronto.
Many people on a circulating list of Wealthsimple employees laid off on June 16 were snagged quickly, he added.
Layoffs.fyi, an aggregator tracking global labour trends, found 140,388 workers lost tech jobs since the start of the COVID-19 pandemic, including 34,627 who were cut in the second quarter of 2022.