This year’s round of hiring slowdowns, freezes, and layoffs within the tech sector haven’t just affected those who have lost their jobs. The employees left behind have in many cases had to pick up the pieces as projects get dropped, headcounts are culled
and belts tighten across companies.
So far, fintech, crypto and real estate have taken the brunt of layoffs. Within the cryptocurrency world, Gemini and BlockFi have let staff go, while in the fintech space, PayPal, MainStreet, On Deck and Klarna have all announced layoffs. Coinbase also let
staff go, and reneged on job offers it had previously made.
Layoffs are happening as firms tighten their belts ahead of recession, and for those left behind at work, survivor syndrome can kick in. A “why me” maelstrom combining guilt, job insecurity, and anger towards the company, is common. Then there are the additional
burdens of bigger workloads and handling the burnout that causes.
It can be an unsettling and a worrying time. Here’s how to navigate your role at a company where layoffs are happening.
Manage your stress
Yerbo’s Burnout Index for 2022 surveyed over 32,000 workers and discovered that 62% feel physically and emotionally drained. Forty-two percent are considering quitting in the next six months, and it also discovered that women are more prone to burnout than
men.
When employees are made redundant and aren’t replaced, you may be feeling bad that you got to stay and they didn’t. This is known as survivor’s guilt and can manifest as stress, overwork and performance anxiety or you might find you withdraw completely,
finding it difficult to achieve anything due to overwhelm.
Get ahead of your workload
If you’re expected to juggle additional workloads, you’ll need to do some swift assessments. Map out your own existing tasks and responsibilities and assess the time these take. Add up the same for the tasks you’re now expected to cover and take this to
your line manager. Explain how you can do some of these tasks, but not all of them.
Ask if there are non-priority tasks or projects you can drop for the time being so that you can get the work done. The aim is to get your boss to understand that while you realise the business is under pressure and you’re willing to come up with a strategic
plan to help, there is only so much that you can do.
Prepare a plan
Refresh your CV, adding new skills and experience. Follow key influencers within your area or industry, set up job alerts, and connect with recruiters. Ultimately, you may not decide to make a move, but if you do need to, you will be fully prepared to do
so.
If you are ready to look for a new role now, we’re looking at three companies which are currently hiring below, and there are plenty more to discover
on the Finextra Job Board too.
Senior Business Analyst, Fidelity International
The Role: The
Senior Business Analyst role will support the implementation of Fidelity International’s Data Operating Model Transformation Programme, reporting into the programme director.
The Responsibilities: You’ll be required to interpret high level requirements at a more detailed/granular level, translating complex subject matters into language/concepts that can be understood by key stakeholder functions.
The Requirements: Experience of working with data, ideally through working on similar programmes is required as are strong analytical and problem solving skills. Experience of working on large and complex strategic change programmes in the financial
services industry would be an advantage.
Discover more about the
Senior Business Analyst position or browse more opportunities at
Fidelity International.
Senior DevOps Engineer, BVNK
The Role: BVNK is looking for a
Senior DevOps Engineer to help take its infrastructure to the next level. You will have a passion for providing an exceptional environment for engineers to operate in and you will have a solid working knowledge of cloud infrastructure plus experience collaborating
cross-functionally.
The Responsibilities: You’ll maintain and build cloud infrastructure using IaC tooling, develop and maintain deployment pipelines and build and maintain a monitoring platform for cloud infrastructure.
The Requirements: You’ll have experience deploying cloud native applications and will have two years’ of experience with AWS, Terraform, and cloud native kubernetes (EKS).
Apply for the
Senior DevOps Engineer job or check out
more roles at BVNK.
Site Reliability Engineer - Frontend Team - Remote, Kraken Digital Asset Exchange
The Role: Kraken’s engineering team is delivering the most sophisticated crypto-trading platform out there and is looking for a
Site Reliability Engineer to join the frontend SRE team. The Responsibilities:
You’ll monitor and support staging and production environments, improve developer tooling, help with building docker images, manage continuous integration (CI) pipelines for automating quality testing and manage releases using kubernetes and Nomad.
The Requirements: Over three years’ experience working in a SRE, DevOps or equivalent experience as a backend developer working with infrastructure is essential. You’ll also need a year of experience with a programming language such as NodeJS, Rust,
Golang, or Python.
The
Site Reliability Engineer job spec is available as are
other roles at Kraken.
Want to see which UK Fintech companies are hiring? Visit the Finextra Job Board for hundreds more roles, and bookmark the link for regular check-ins.