In recent months we have seen wave after wave of layoffs at many of the world’s leading technology companies. Since the cuts and workforce reductions began, there are already quite a few tens of thousands of workers who have had to leave their jobs and look for another professional outlet. The wave does not seem to stop, since there is practically no week in which adjustments to the technological workforce are not announced. But not all tech companies are laying off people: there are quite a few that have not reduced their workforce not the least.
Faced with the uncertainty caused by so much bad news in terms of employment in technology, these companies are betting on precisely the opposite: to keep talent. AND some are even raising the salaries of their employees, as we will see below. These are the 13 technology companies that are betting on retaining talent and using it to advance and grow in the future.
Capcom
The company is going through a stage with very good results, so there is no need to make layoffs. After having been adding record profits during the last five years, he will keep his staff. And not only that: your Japanese employees will receive a 30% salary increase as a reward for their work.
Nintendo
One of the first companies to come to the fore and announce that it was not going to lay off staff, in the midst of a wave of job cuts, was Nintendo. Not only that, but the company has decided to raise the base salary of the workers it has in Japan, and bet on retaining talent. Things are going very well with its latest console, the Nintendo Switch, and while others have been experiencing problems for months, at Nintendo everything is growth and good results. Thus, the base salary of its employees will rise by 10%.
Sega
The third company to not fire and raise the salary of its employees is also Japanese: Sega. This has confirmed a salary increase for its workers, on average, of 15%, although for some profiles it can reach 35%. In this case, the rise will be effective as of July 1. How have they achieved it? Well, adopting a set of measures to be able to withstand this rise without the different areas of the company suffering for it.
It so happens that the Prime Minister of Japan, Fumio Kishida, sent a message to Japanese businessmen a few weeks ago, asking them to raise the wages of their workers so that they would not have so many problems due to inflation. And it seems that, at least in a few technological companies, they have listened to it.
TCS (Tata Consultancy Service)
To discover another technology that not only does not fire employees, but also raises their salaries, we do not have to go too far from Japan. Its headquarters are in India and it is the consulting firm TCS (Tata Consultancy Service). It is the main technology company in the country, and not only is it not going to lay off anyone, but it is also hiring workers laid off from other companies in the sector. Specifically, they look for talent among other areas, in design, Artificial Intelligence and cloud computing. Also with proven experience in very specific products.
The company, which employs approximately 600,000 people, has 70% of its employees on the American continent, although its managers indicate that they want this percentage to drop to 50%, because they want to give more opportunities to workers in India.
Meanwhile, its management has also confirmed that its workers are going to have salary increases this year, in a percentage very similar to the one that raised their salaries in recent years. He has also highlighted that they have always been careful when expanding staff, which means that now they have no need, or reason, to fire anyone.
Manzana
Among so many American technology companies that are laying off people, there is one of the main ones that has not announced layoffs of the workers it has on its payroll: Apple. The company has assured that, for now, they are not going to resort to layoffs, and that they are going to take other measures to reduce costs. Starting with your salary CEO: Tim Cook has cut his salary by 40% for 2023, a move also made in part to address shareholder concerns over Cook’s high salary.
nvidia
Considered one of the main manufacturers of chips for computers, and also for the world of video games, Nvidia is an increasingly powerful player in the world of Artificial Intelligence. Nvidia hasn’t laid off staff either, although it did freeze hiring last summer due to uncertainty. However, since then he seems to have regained confidence, and currently has more than 1,000 vacancies for which he hopes to hire as many employees.
cloudflare
He Cloudflare CEO Matthew Prince, has confirmed that the company is well prepared for the current landscape, noting that a few months ago, by identifying the situation that was coming, it reduced hiring before, and more, than many of the main technology companies. According to Prince, if they had engaged in hiring then at the rate that, for example, Amazon, Meta and Microsoft did, they would have had to lay off now.
blocks
For now, the Jack Dorsey group of companies, Block, has managed to avoid layoffs, unlike Twitter, another of the companies he founded in his day, and which since it became the property of Elon Musk has lost the vast majority of its employees in successive waves of layoffs. Meanwhile, the Block companies (Square, Cash App and Tidal), continue with their intact staff.
AMD
Another of the main chip manufacturers in the sector, AMD, is not going to lay off staff either. Not only that, but his CEO, Lisa Su, stated last year at the Most Powerful Women Summit event, that she saw a wonderful future for her sector. Also that they had a lot to do, so it seems clear that they have no intention of reducing staff.
Palo Alto Networks
Palo Alto Networks has so far escaped waves of layoffs that have wiped out many of its competitors’ employees in the cloud computing and cybersecurity industries. Back in 2020, his CEO, Nikesh Arora, announced that he would give up his salary rather than lay off employees.
crowdstrike
Along with Palo Alto Networks, Crowdstrike is another of the cybersecurity companies that has managed to avoid layoffs. According to your CEO George Kurtz, companies are going to need a lot of effort in cybersecurity, and when you see the layoffs that companies are making, you notice that it is an area that has been exposed in many cases. It is therefore a stage in which their enemies are going to continue with the attacks, and the companies are going to have less internal security to contain them. Hence their impression that they can even grow as a consequence.
box
This company, one of the pioneers of cloud storage, is having one of its best streaks. Founded by what is still his CEO Aaron Levie, in 2005, managed to increase its income last year by 12% to 250 million dollars. Therefore, in addition to having a workforce that has always grown moderately, it has the necessary resources to continue maintaining it.
ServiceNow
He ServiceNow CEO Phil McDermott, has assured that they will not make any layoffs in 2023, thanks to how they have approached hiring in recent years, and their plans for the future. For starters, according to the company, when other tech companies were hiring aggressively, they were not swayed by the large-scale hiring environment. However, its workforce rose to more than 20,500 employees between 2021 and early 2023, compared to just over 14,000 before. But his hires were calculated and measured.
In addition, in July 2022, they already issued several warnings that the macroeconomic situation was slowing down. So they moved into a cost management position, and focused on execution, rather than downsizing. Of course, they continued to hire, with an eye on customer-facing positions, as well as development engineers and sales personnel.
In addition, they have focused on what they say is growth and profitability, not on growing at all costs. They also save costs by using their own tools and training their employees to address various challenges in the future.
