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The wave of IT layoffs caused by the COVID-19 pandemic has ended, according to new data from management consulting firm Janco Associates. The pandemic's economic fallout resulted in about 117,000 job losses in U.S. IT positions in April and early May 2020.
But Janco's May survey of U.S. IT organizations shows that further layoffs are largely not expected. But neither is much IT job growth. IT organizations don't expect to begin hiring again until late 2020, assuming that the gradual economic reopening now in progress continues and demand for goods and services resumes, providing the money for new and replacement hires.
Janco CEO Victor Janulaitis expects that the net number of new U.S. IT jobs in 2020 will be about 35,000, versus the 94,500 it had expected before the epidemic struck. In 2019, the U.S. IT job market grew by 90,200.
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Businesses have had to adapt quickly to remote working during the COVID-19 pandemic, but this year's shifts are only the start, says Box CEO Aaron Levie. The next phase will see office work processes digitized and automated to support workers - wherever they are - as a decade of workplace transformation takes place in the next two years.
Since launching as a simple cloud file-sharing app in 2005, Box has attracted 97,000 businesses to its content collaboration suite. It's been building a wider range of enterprise features in recent years, and just last month unveiled a major UI update to support remote productivity and teamwork. That move followed the launch last year of Box Shield, for security, and Box Relay for workflow automation.
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(Insider Story)
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