Technology startups in the world – the breeze of redundancies: Lithuania seems to be able to attract foreign talent Business
The winds of layoffs
2022 In May, layoff tracking platform Laoffs.fyi was laid off by nearly 1 data technology startup. Forbes magazine writes that in the first two weeks of May, more professionals were laid off in the United States than in the first four years of 2022 combined. mano.
Ilona Bernotaitė, the human resources manager of the Lithuanian start-up Kilo Health, believes that due to the reduced or completely stopped investments in start-ups, this number may be similar or even increase in the coming months.
“Hundreds and even thousands of people are being laid off from the world’s startups. They are pouring into the job market. We hear this from partners, market participants. For us, Berlin is a very important place. There’s a lot of movement there, ” 15min said Nord Security CEO Povilas Poderskis.
That the company that has had to say goodbye to its employees has recently been heard in Europe, 15min Ieva Kuniejūtė, the head of the Vinted selection team, also confirms.
What led to the wave of layoffs? According to the CEO of Nord Security, they are due to the changed thinking and mood of the market.
“It simply came to our notice then tech the sector began to rationally assess profitability and other indicators and returned to rational, fundamental things. In this way, some products, which have grown significantly over the years, are not so valuable in another light, ”P. Poderskis concludes. According to him, then the wake of redundancies began and, with a little speculation, it could only be the beginning.
The recent poor performance of technology companies and the value of shares of information technology companies in the US S&P 500 index have fallen by 20% since 2022.
It offers employees to Lithuanian companies
Then the starters who lay off their people make inquiries to the representatives of Lithuania as well, offering to recruit their talents.
Do Lithuanian starters see an opportunity to attract foreign talent? Are you going to hire some redundant workers? To 15min asked the startups of our country – Nord Security, Vinted, Pvcase and Kilo-Health.
This content is for
for subscribers only
login
Monthly
plan
099
€
MONTHS
The first month – only 0.99 Eur,
later – 4.99 Eur / month.
The best
proposal
-40%
Annual
plan
3599
€
MET.
You will receive:
- 15min subscription
- Movies and series PEOPLE CINEMA
- Newsletter BNS Sprint.
Choose a payment method
* When paying by phone, an additional operator service fee is included. Meanwhile, paying by bank card will not cost you anything extra.
Pay
You can unsubscribe at any time.
Enter your mobile, we will send the code
We’ve sent a code to your mobile phone. Enter it