https://www.analysysmason.com/research/content/articles/tech-layoffs-telecoms-rma14/
"Telecoms operators can use two key strategies to actively recruit recently laid-off tech workers."
Telecoms companies continue to suffer from a shortage of staff with technical skills as they look to pursue digital transformation projects and move from being traditional telecoms companies to becoming ‘TechCos’. Over the past 15 years, tech companies have used their reputations for innovation and generous wages to recruit large numbers of skilled workers with specialities in software engineering, cloud, data and product management. These tech firms are now laying off workers due to slowed growth from 2Q 2022 onwards, and telecoms operators have a unique opportunity to secure workers with software skills to enable their digital transformations and address their long-term talent shortage. Telcos should commit to digitalisation and make newly acquired tech employees the centre of their future growth strategies to attract them into a telecoms environment.
Figure 1: Number of employees laid off and companies with lay offs in the tech industry, worldwide, 1Q 2021–1Q 2023
Telcos have struggled to attract workers with software skills, resulting in a skills gap that hinders full digital transformation