Waves of redundancies sweep through local tech market

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Peter Gomes felt a stinging “sensation of rejection” when he was laid off by Nimble Australia. The 34-year-old IT professional lost his job in September.

. The first round of 32 losses represented a 15 per cent reduction in Brighte’s headcount while the second round of 58 losses represented a 27 per cent cut.Mr Gomes, who has landed a three-month contract with modular building company AusCo since losing his job at Nimble, said the outlook was “scary”. But riding the ups and downs of the tech industry appealed to him more than pursuing a career beyond IT.

His redundancy is an illustration of a wider slowdown in the tech industry as start-ups that went on a hiring frenzy last year realise their growth targets were too ambitious and they now need to focus on improving efficiency.

“‘We’ve got to think about what we’re going to do next year to achieve the same or better outcomes in 2023 that we achieved in 2022. We’re going to have to work a little bit harder, [and] smarter’.”

 

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