Layoffs, Resilience, Colombia Spotlight (July 2022 Newsletter)

Unicorns step aside, the camel era is here💪

July 07, 2022

TECLA: connecting the best talent in Latin America with the best tech companies in the world. We just hit 47,000 developers in our network!

The Global Recruiter

- July 2022 Issue

In this issue: When adversity strikes act like a camel, New finds to connect with your remote team, Flexibility and the Great Decentralization, and a spotlight on Colombia as a place for top tech talent.

The unicorn is shapeshifting into a camel

Or at least it should be. Over the last few weeks, announcements of layoffs have shaken the IT industry to its core. While uncertainty lays the groundwork for opportunity, during times like this it's important to think before acting. That's when the analogy of the camel vs. the unicorn comes in handy. You see, a camel stores fat on its hump, which allows it to stay alive during difficult times in the desert when there isn't a site for water in weeks. While unicorns are magical and unique, a camel is resilient. Resiliency is a state of mind we all should aim for, at least right now. Bringing new ideas to prioritize steady sources of income, before innovative maybe-it-will-work ideas. Betting on diversifying your talent is now more important than ever. Different cultures bring different approaches, and you'll be surprised at how accessing talent from different regions, can help you face adversity head-on. If you feel your company needs the change, let us help you. We'll be more than happy to work together!

Key Industry Insights

Flexibility, the new buzzword everyone loves to mention in the weekly round-ups. While it may be the new it word for 2023, most companies are still trying to figure out what it means and how it can enhance productivity (hey, that's another buzzword everyone keeps talking about!). The truth is that flexibility needs to come with smart decisions that make sense budget-wise. The first question that comes to mind: what can we do with our rented spaces? Well, this article covers this debacle. Are the major metropolises on their way out? It sure seems like it according to this recent study conducted by Stack Overflow. The title (very blockbuster potential in our opinion) "Great Decentralization" seems to fit some extent as it appears to be affecting major cities in the U.S. Tech workers are migrating to other regions, such as Miami, which saw an influx of 30% of workers from the software and IT sector in 2021. There are also signals that people in tech are relocating, such as a rise in VC activity outside the Bay Area and the percentage of investment dollars in the Bay Area dropping below 30% for the first time in 10 years in 2021.

Spotlight

For U.S. companies seeking talented software developers at affordable rates, Colombia is a top choice. Colombia is a hotspot for software outsourcing and recruitment due to its booming IT industry, well-educated software developer community, innovative startup culture, and more.

Colombia is well-positioned to provide top software outsourcing with 62,000+ talented developers and 11,100+ tech companies. With an innovative startup culture and government-led tech initiatives, as demonstrated in the following stats:

Robust Startup Scene & Community

Highly Educated Developer Pool

Colombia is ideal for outsourcing relationships with the U.S. and beyond. Read our full country report for more valuable insights.

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Tools for your remote team, new trends on remote hiring, and curated insights.

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