Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Friday 18 November 2022 5:00 am  |  Updated:  Thursday 17 November 2022 5:51 pm

Letters: Tech giants need to be flexible

By: City PM reporter

Add as a preferred source on Google
Elon Musk To Buy Twitter

[Re: Elon Musk fends off daily losses with jobs and ticks, Nov 6]

The latest series of lay-offs from Big Tech companies and Twitter show that the tech bubble is bursting. Many more businesses  may follow suit. The pandemic called for companies to hire tech talent in swathes as they raced to adapt. That digital race has not only slowed, but been stalled by a recession putting the brakes on tech spending. This means most businesses no longer have the capital to retain all the employees they brought on board.

It’s worrying that large businesses like Amazon have been so short-sighted with their hiring, particularly of tech staff. Hiring and firing is not only expensive, but can damage morale for remaining employees and carry reputational damage for future recruitment. To avoid making the same mistakes, businesses have to be less rigid with how they manage their workforce. Certainly, an over-reliance on teams exclusively made up of permanent employees is a recipe for disaster.

That’s not to say that having permanent, retained staff is not important for business continuity. But it should be supplemented by an on-demand workforce made up freelancers, that can be scaled up and down as required and in line with market disruption, without needing to cut ties with valuable employees. Until businesses find more flexible ways to engage talent, they will always be vulnerable to economic headwinds and risk needing to make lay-offs.

Callum Adamson

Distributed

Read more

Britain to offer visa refunds to woo tech scale-ups

Peter Kyle speaking at a podium during a press conference, addressing current issues and developments

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Opinion

Categories

  • Opinion
  • Letters

Trending Articles

  • Revealed: Secret Treasury plan to tax State Pension before it is paid out

  • Two solicitors linked to Post Office scandal charged with misconduct

  • Burnham’s new chief of staff ran City firm advising Thames Water and rival Heathrow bidder

  • Barclays and Lloyds join banking sector plan for digital ID

  • Clarkson’s Farm and why businesses must stop blaming the weather

More from City PM

  • Britain to offer visa refunds to woo tech scale-ups

    Tech
    Peter Kyle speaking at a podium during a press conference, addressing current issues and developments
  • ‘AI is not killing all these jobs’: LinkedIn boss on UK hiring slump

    Tech
    Office for National Statistics
  • Specialist tech recruiter sees hiring slump across UK and Europe

    Tech
    Skyline of Canada financial district with modern skyscrapers and historic landmarks under a clear blue sky
  • London Tech Week day three: Workers are adopting AI quicker than their bosses

    Opinion
    Getty Images logo displayed on a digital screen, showcasing the brands iconic design and presence in the media industry.
  • Adobe and LinkedIn target AI skills gap in marketing roles

    Tech
    Office for National Statistics
  • Peter Kyle vows state will take bigger stakes in Britain’s next tech giants

    Tech
    Peter Kyle speaking at a podium during a press conference, addressing current issues and developments
  • Quantum could be Britain’s next tech breakthrough

    Opinion
    Advanced quantum computer with intricate circuits and glowing interface, illustrating cutting-edge technology innovations
  • London Tech Week day one: AI talk has come back down to earth

    Opinion
    Keir Starmer speaking at London Tech Week conference, discussing innovation and technology advancements in the UK.

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy