Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Livemint
Livemint
Business

Fired by Twitter or Facebook? The old economy is welcoming you

Amid the layoffs by the big tech companies, the stalwarts of the old economy have decided to hire these employees (AFP)

Luxury carmaker Jaguar Land Rover said Friday it wants to hire about 800 technology workers to power its growth in fields ranging from autonomous driving to artificial intelligence, electrification and machine learning. 

British lender Barclays Plc is offering support for laid-off workers looking to start new fintech businesses and hopes to fill some of its thousands of technology job vacancies

“I’m a firm believer that when one door closes, another one opens and out of adversity can come opportunity," Mark Ashton-Rigby, Barclays’ chief operating officer, wrote in a LinkedIn post this week. 

Some of the world’s biggest technology firms have begun firing thousands of employees in recent weeks, putting an abrupt end to more than a decade of rapid jobs growth. Bloomberg has reported that Amazon.com Inc. is cutting 10,000 positions, while Meta, led by Mark Zuckerberg, has said it’s making 11,000 employees redundant. At Twitter, at least 3,700 jobs are being cut, or about half the social media company’s workforce, under new owner Elon Musk.

Ashton-Rigby wrote that Barclays was extending its program for aspiring entrepreneurs, which provides a 20-week course to help them create their own fintech companies. Barclays has more than 3,000 open roles for technology staff around the world in areas such as engineering and innovation.

“If you’re embarking on a new chapter and are reading this, take it as a sign that there could be something very exciting for you just around the corner... apply today," he wrote.

JLR, owned by India’s Tata Motors Ltd., said the tech workers it’s looking to recruit have skills that are essential to develop and build the carmaker’s next-generation of electric cars. It’s looking to hire across the UK, US, Ireland, India, China and Hungary.

This story has been published from a wire agency feed without modifications to the text.

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.