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Since COVID, job security in tech has become increasingly shaky. Innovations are reshaping industries at a pace we haven't seen before, turning many long-established roles obsolete and leaving many workers vulnerable to sudden unemployment.
Since 2022, we've seen a significant surge in tech layoffs worldwide. Recent data reports over 230,000 tech employees lost their jobs in 2023, with projections suggesting this trend will continue in 2024.
Industry giants like Tesla, Intel, and Dell are at the forefront this year, each cutting more than 10% of their workforce - equating to over 10,000 employees each.
They're far from alone. Many other tech companies are following suit.
We shouldn't ignore this pattern, as it's likely to persist, and because there's action we can take to protect ourselves from the effects of this trend.
The best way to secure your future is by taking control of your income generation. That's what an entrepreneur is - someone who takes charge of their financial destiny.
Embracing an entrepreneurial mindset is crucial in today's rapidly changing tech landscape. It means continuously updating your skills (especially with AI), exploring alternative career paths, and identifying opportunities where your expertise can fill a market need.
Start small. Write, teach, create, and share. Most importantly, just get started.
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