Tech wreck eases skills pressure as start-up outcasts hit the market

The results of slowing tech start-up investment and the resulting redundancies across the sector are starting to show up in an easing of a previously crippling shortage of affordable tech skills, according to new data and companies hiring talent.worthy of discussion

to abandon the “growth at all costs” strategies prevalent last year, in favour of more prudent cash management., show the anecdotal evidence of hiring companies being borne out across the market. “There’s less VCs out there with wheelbarrows of cash funding competition, and so we think we have a really good opportunity going forward.”“In all, there has been a slight softening over the past two to three months on both the talent demand and supply side, but it remains an extremely tight employment market,” a SEEK spokeswoman said.

Despite having heard plenty about a local skills shortage, Mr Munnangi said he found local talent keen to join a company working on tangible products in an area they enjoyed, and also keen to join a company that has the vestiges of start-up cut and thrust, with the security of having beenYesh Munnangi, CEO at Rome2Rio has been able to go on an aggressive hiring spree since the start of the year.“We started putting the roles out and we saw really good resumes come through, at a pretty good rate.

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Strong jobs market weighs on central banks’ inflation fightBlowout US jobs data underscores challenge ahead for central banks as tight jobs market indicates persistent inflationary pressures. Increasing interest rate won't help. World needs to stop unnecessarily conflict/war and remove restriction on foreign labors and supply chain. Since covid, most of countries banned cheap china import without alternative. It helps to create a job in most developed countries but it come at 2 to 3x cost. Consumers will have to pay extra for the home made product.
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