From Google to Microsoft and Now Red Hat, layoffs seem to be everywhere you look.
I want to share my perspective on the recent layoffs in the tech industry and why it could be a positive opportunity for people of diversity who are in data.

The layoffs we have seen in companies such as Red Hat Software, Accenture, and Microsoft are not necessarily a sign of less need for data science personnel. Instead, it represents a shift in the tech industry towards more sustainable growth. These companies have been growing rapidly for the last few (many) years, fueled by venture capital, and the recent layoffs are an indication that these companies are coming back down to earth.

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Layoffs can be cause for uncertainty but, there is always an opportunity to be found if you know where to look.

This shift in the industry can be seen as a positive opportunity for people of diversity who are in data. As the industry transitions to a more sustainable model, there will be greater demand for diverse talent that can bring unique perspectives and ideas to the table. In other words, companies will start to recognize the value of having a diverse team and the impact it can have on their business.

For too long, the tech industry and data specifically, has been known for its lack of diversity, with many companies struggling to attract and retain diverse talent. But with the recent shift towards more sustainable growth, there is an opportunity for companies to reassess their hiring practices and focus on building a diverse team. This could mean more opportunities for women, people of color, and other underrepresented groups in data.

Yes, there has been a reduction in the actual diversity teams of some larger companies so this means HR and recruiting teams will have to work harder to both retain and attract the diversity that companies know is valuable to their growth. 
They could focus on doubling down and working twice as hard or they can focus on smarter options like working with Colaberry, a company that is dedicated to bringing diversity into the data industry. 90% of their consultants are DEI positive and 43% are female. It’s an easy solution to a difficult problem. 

Directors & hiring managers in data departments realize it’s important to recognize the value of diversity and be intentional about creating an inclusive workplace culture. This means not only hiring a diverse team but also fostering an environment where everyone feels welcome, valued, and supported.

The recent layoffs in the tech industry could be a positive opportunity for people of diversity in data and the companies smart enough to attract and fight to retain them. As the industry shifts towards more sustainable growth, companies will start to recognize the value of having a diverse team. As a director or hiring manager, it’s important to take advantage of this opportunity by being intentional about creating an inclusive workplace culture that values diversity and encourages everyone to bring their unique perspectives to the table.

Image of African-American business leader looking at camera in working environment.
Smart companies know that when you’re looking for something special/specific it pays to work with a specialist. This holds true when it comes to data science and diversity.

If you and your company know how valuable diversity coupled with top-tier data skills can be and want to discuss adding talent to your team without the headaches of mountains of applications and having to vet the applicants that look good on paper, then we should talk.

Reach out to Sal and the Colaberry team today
Andrew “Sal” Salazar
[email protected]
682.375.0489

www.colaberry.com/contactus

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