Montreal College of Information Technology
Collège des technologies de l’information de Montréal English flagEN FlagFR

< News >

Navigating the Tech Company Layoff Wave: Why IT Training is More Crucial Than Ever

So, you've probably heard about the wave of layoffs happening in the tech industry. As a tech worker, this can be a scary time -you're probably wondering how you can stay relevant and competitive in such a rapidly changing job market. That's where MCIT comes in -we're here to help you adapt and thrive in this new landscape. In this blog post, we'll talk about how recent layoffs have impacted IT training, and why it's more essential than ever for IT colleges to offer specialized, industry-aligned, and relevant programs.

The Changing Landscape of the IT Job Market

According to a report by LinkedIn, the demand for workers with some level of tech skills has increased by 20% since 2020, despite the pandemic and recent layoffs. This highlights the increasing need for professionals to stay up to date with the latest industry and IT technologies. As companies continue to digitalize their operations and pivot towards new strategies, IT professionals need to keep up or risk being left behind. Read our article on why tech workers are in demand during a recession. 


Navigating the Tech Company Layoff Wave: Why IT Training is More Crucial Than Ever


The Increasing Importance of Specialization

A report by Burning Glass Technologies found that job postings for specialized IT roles, such as cybersecurity analysts and data scientists, have increased by 74% over the past five years. Companies are looking for professionals with specific skill sets that can drive innovation, making specialization more important than ever. Our teaching approach emphasizes the teaching of fundamental skills related to the use of tools and platforms that are relevant to companies.

The Value of Short-term Education

According to a survey by the World Economic Forum, 58% of workers say that they need to continuously upskill to remain competitive in the job market. Short-term IT training programs can give you a boost and make you more marketable. They're designed to quickly build new skills so you can apply them to work ASAP. Plus, earning industry-recognized certifications can validate your expertise in specific areas and help you stand out from the competition.


Navigating the Tech Company Layoff Wave: Why IT Training is More Crucial Than Ever


The Rise of Hybrid IT Training

A report by Research and Markets found that the global e-learning market is expected to grow by $72.41 billion between 2021 and 2025. As the job market evolves, IT professionals need flexible training options that accommodate their busy schedules. Hybrid IT training programs that offer both in-person and live online options can provide the flexibility needed to keep up with changing demands.

The Value of Hands-On Experience

According to a report by Robert Half Technology, 71% of IT leaders say that hands-on experience is the most important factor when hiring IT professionals. At MCIT, we know that hands-on experience is crucial for IT professionals. That's why we offer project-based learning opportunities, internships, and capstone projects. You'll get to apply your skills to real-world situations and gain practical experience -it's the best way to learn.


Navigating the Tech Company Layoff Wave: Why IT Training is More Crucial Than Ever


Industry and Company Partnerships

Companies are increasingly collaborating with educational institutions to close the skills gap. At MCIT, we actively collaborate with industry partners and companies to stay up to date with the latest industry trends and requirements. This way, we can develop curricula that address real-world challenges faced by professionals in the field. So, as the tech industry continues to evolve, IT training is more important than ever for staying competitive and relevant in the job market. By specializing in specific skill sets, earning industry-recognized certifications, and gaining hands-on experience, you can thrive in this rapidly changing tech landscape. And we're here to help you every step of the way. Be a part of IT!