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Big fish land in tech’s talent pool amid layoff woes

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Executive search and hiring firms including Transearch, Longhouse Consulting, CIEL HR and GI Group Holdings say that unlike earlier, when it was difficult to even pin down senior Big Tech professionals for job offer conversations, now they’re the ones who often make the first move.
The continuing slowdown in Big Tech has left many senior executives at a loose end, with a majority open to looking out for new jobs but faced with a situation where there aren’t enough suitable openings in the market.Executive search and hiring firms including Transearch, Longhouse Consulting, and GI Group Holdings say that unlike earlier, when it was difficult to even pin down senior Big Tech professionals for job offer conversations, now they’re the ones who often make the first move.While those on tech functions have it easier than their counterparts, say, in the business side, salaries remain a big challenge with few hiring companies willing to match the huge packages many of these professionals currently get. »Earlier, most senior candidates at Big Tech companies were not interested in considering new job opportunities. Now, we are seeing a lot of inbound queries from the likes of Google, Amazon and Meta. These are people in tech and product roles, who are sitting on packages running into multiple crores.

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