An unexplored aspect of 2022 and 2023’s tech and finance layoffs is that of the hundreds of thousands of jobs that were made redundant globally, many were not across purely tech functions.
Roger Lee, founder of job cuts bible Layoffs.fyi says that “sales is the most common role, accounting for 20% of the laid-off tech workers. Recruiting and HR are the functions most disproportionately affected relative to their size; it’s becoming quite common
for companies to lay off 50% or more of their talent teams.”
Accenture, for example, laid off around 2.5% of its 738,000-strong workforce, but these cuts largely affected corporate functions, with more than half of the cuts affecting departments such as human resources, IT, finance and marketing.
Another overlooked aspect of the current layoffs era is that despite heavy headcount losses, many companies retain higher staff numbers now than they did pre-pandemic.
Gartner’s Mbula Schoen, a senior director analyst with the consulting firm, said in a
recent blog post, “Gartner research found that the companies behind the 10 largest layoffs in tech talent still employ over 150,000 more people in total than at the beginning of 2020.”
Tech hiring remains robust, and there are a number of areas and job roles that are in high demand. Topically for 2023, those with machine learning, AI, computer vision, and machine language skills are eagerly sought as generative AI trends.
Data scientists, AR/VR, and mixed reality specialists, those with blockchain experience, software developers and cybersecurity professionals are all in demand too.
You can explore a host of jobs across the fintech space on the
Finextra Job Board, or check out five great opportunities below.
Senior Model Risk Data Scientist, Revolut, United Kingdom
Revolut is looking for a
Senior Model Risk Data Scientist to manage model risk. You will be a data and analytics lover with strong emphasis on ML/AI applications to computer vision, AML/ATF, and fraud detection. You will need five or more years of having validated and/or developed
any of the following model types: market risk, credit risk, liquidity risk, capital risk, finance and treasury models, financial crime models, or data science models, as well as competence in machine learning techniques.
Staff Blockchain Software Engineer, Core Ledger, RippleX, Ripple, London
The
Staff Blockchain Software Engineer will work on RippleX, and will be joining a team building a highly scalable and available distributed system where performance and reliability are critical. You will do everything from architecture and design, to implementing
designs in C++, to testing implementations and optimising for better performance. Eight years’ of hands-on software development experience is required, with the last five years’ in C++, and two years’ experience working as a tech lead and mentoring other engineers.
Security Engineer, Starling Bank, Cardiff
Starling Bank’s infrastructure spans across AWS, Google Cloud and physical data centres to support our internal operations. In this
Security Engineer role you will work within the Security Engineering team to engineer and support the technical mechanisms that ensure that the bank's systems and data remain secure at all times. Knowledge of public IaaS technologies, in particular AWS
and GCP, would be needed as is experience of working in a DevOps, SRE, security engineering and/or software development role.
Senior Data Analyst (Growth), Zilch UK, London
Zilch is seeking a
Senior Data Analyst expert to develop its marketing and growth analytics, someone who is keen to contribute to existing initiatives, develop new strategies and confident to make recommendations. You will work closely and effectively with strategic teams,
anticipating future analytics needs and quantifying the impact of existing features, campaigns and product changes. You will need three years experience as a data analyst or growth analyst working in a start-up/ scale-up environment and a strong SQL background.
Senior Product Manager - Core Product, Spendesk, London
Spendesk is hiring a
Senior Product Manager in order to support fast-paced growth. This role will be instrumental in continuing to build a strong core product and will own the roadmap on its product area, defining initiatives along with quarterly objectives and key results.
You will work closely with developers to manage delivery, collaborate cross-functionally with teams and monitor and optimise results through data analysis and feedback. To apply, you will need four years of experience in product management, working collaboratively
with engineering, design and user research teams. Experience in working closely with a product development team, including knowledge of agile software development processes, is also needed.
Explore the Finextra Job Board to find your perfect fintech role.