What are your next steps if you've been laid off?
Jobbio's Aoibhinn McBride talks through what you should do next if you've been affected by the recent redundancies across the tech industry.
Losing your job, even for reasons outside of your control, can put a serious dent in your professional confidence, especially if you’ve been with the same company for a considerable period of time.
And for those still in gainful employment, the recent redundancies across big tech have been unsettling, to say the least, as many workers are wondering if they’re next.
But a redundancy doesn’t have to spell a lengthy gap in employment or a gaping hole in your CV. The tech industry in the UK remains stable and according to data compiled by Tech Nation for its 2022 People And Skills Report, nearly five million people in the UK work in the digital tech economy, with London ranking as the second best place to live and work globally in tech, based on salary versus cost of living.
Investment in the sector is greater than ever before, with venture capital investment in UK-based tech startups and scaleups coming in at a promising £34 billion between 2020 and 2021, meaning more job opportunities as companies get off the ground and need additional resources.
If you find yourself looking for a new opportunity but don’t know where to start, taking some time to decompress, come to terms with your layoff and ponder where you really want to take your career, is a great place to start.
From pivoting to one of tech’s emerging sectors like cybersecurity or AI to deciding if you want the flexibility that fully remote work brings, having the time and headspace to align your goals can hugely benefit your career in the long run and even result in you earning more money — new hires tend to earn more than their counterparts who are in existing employment.
Rework your CV
Keeping a master document with up-to-date employment history and professional achievements on file is a good foundation for all future applications.
However, don’t be tempted to send the same CV to multiple hiring managers in the hopes that one will stick. Instead, craft each CV to include relevant keywords gleaned from the job description to ensure your application stands out and beats the applicant tracking system (ATS), if this software is being used.
Grow your network
Networking is an invaluable way to gain an insight into different sectors or companies, which can help keep you up to speed on market insights that could prove useful during interviews.
Face-to-face networking can also prove lucrative in other ways, and while you might not come away from a catch-up coffee with a job offer, letting your professional peers know you’re looking for a new opportunity can result in word-of-mouth referrals or leads about companies that are hiring.
So, if you’re ready to get back into the workforce and get the job you really want in 2023, don’t forget to visit theAltFi Job Board or why not consider one of the three roles below, all currently hiring.
Cloud Security Operations Analyst, GoCardless, London
Global leader in account-to-account payments, GoCardless is adding to its security and privacy engineering team with a Cloud Security Operations Analyst. In this role, you will participate in the design, development and implementation of cloud security architecture, strategy and standards and provide subject matter expertise on security detection and response capabilities by identifying cloud-related risks and vulnerabilities and recommending mitigations. Apply now.
Client Engagement Manager, eClerx, London
Reporting to the financial markets team, theClient Engagement Manager will be the senior point of contact for all aspects of a client’s relationship with eClerx. The successful candidate will be responsible for partnering with clients to help them achieve their goals. You should have a strong understanding of capital markets, the ecosystem of businesses and departments participating in and servicing those markets, their underlying platforms and operating models, and the industry forces driving structural changes.See the full job spec here.
Senior Full Stack Engineer – Web3, MoonPay, London
MoonPay builds payments infrastructure for cryptocurrencies and is trusted by over 250 leading wallets, websites, and applications including Bitcoin.com and OpenSea. Fully remote, the company is now looking for aSenior Full Stack Engineer to work in the Web3 infrastructure team alongside product managers to come up with the best solutions and implementation plans for new features. The right candidate will need to have extensive engineering experience at leading startups or fast growing tech companies and be confident developing, releasing and maintaining web applications in a fast paced environment.Find out more here.