Nearly 36% of tech employees are concerned about being fired, according to a recent Blind report.
An increasing number of tech employees have anxiety about being laid off, according to a Blind survey
released 12 Feb 2019. This fear is so prevalent that Blind, an anonymous community app for the working world, created an entire channel where tech workers could discuss the topic.
The survey asked a simple yes or no question: Are you worried about layoffs at your current company? Out of 8,230 respondents, 36% responded that yes, they were worried.
Advances in artificial intelligence (AI) have boosted tech jobs, creating more jobs for people to interpret and develop AI. The unemployment rate for the job market as a whole dropped to 3.7% in January
, indicating people aren't having issues getting hired.
However, the influx of Millenials and Gen Zers into the workforce could lead to fears that older workers will be displaced, as they may be less familiar with newer technological practices.
Here are the top 10 companies where employees most fear being laid off, and the percent of employees who said they were afraid:
- Tesla Motors (77.22%)
- eBay (71.88%)
- Snapchat (71.25%)
- SAP (66.28%)
- VMware (65.77%)
- Oath/Verizon Media (61.11%)
- Cisco (50.51%)
- PayPal (49.48%)
- Intel Corporation (48.21%)
- NVIDIA (36.96%)
It's no surprise that Tesla tops the list, as the company faced numerous production issues last year due to automating too quickly.
The big takeaways for tech leaders:
Nearly 36% of employees fear being laid off, regardless of the low unemployment rate. - Blind, 2019
Tesla (77%), eBay, (72%), and Snapchat (71%) have the most employees afraid of layoffs. - Blind, 2019