Video Middle East tech sector’s hire and fire conundrum By Shruthi Nair April 20, 2023, 9:44 AM The mass layoffs in the global tech sector last year were the highest since the dot-com bubble burst in 2001, but they are not necessarily a reflection of the job market globally or in the Middle East, according to a Dubai-based digital transformation and Web3 expert. “The layoffs only constitute 10 percent of all the people that were hired during Covid-19,” said Jeremy Denisty, co-founder of Imagin3 Studio. Mena-based employees from companies including Meta, Amazon, Google and Accenture were laid off but a shortage of tech talent has been the biggest concern in the region. UAE sees strongest job growth since 2016 Tech and tax jobs fuel UAE’s strongest job growth in 6 years Meta cuts 11,000 jobs as it sinks more money into the metaverse A survey by PwC revealed that 75 percent of the employees in Kuwait, 60 percent in Qatar, 58 percent in Saudi Arabia and 46 percent in the UAE believed their country had a shortage of people with specialised skills. Will the layoffs in the West create an opportunity for tech job seekers to come to this region to bridge the talent gap? Watch the video above to find out. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
