Navigating Career Uncertainty in the UK: How to Stay Afloat Amid Massive Tech Layoffs in 2023
27.03.2023
The tech industry has been hit hard by the economic downturn, with massive layoffs and hiring freezes becoming commonplace. As companies struggle to cut costs, thousands of employees, including immigrant workers with employer-sponsored visas, are at risk of losing their jobs and their right to live and work in the UK.
Here are some statistics about the companies and their layoffs:
- Meta (formerly Facebook) cut 11,000 workers (13% of the workforce)
- Twitter and Uber each laid off 3,700 employees
- Booking.com laid off 4,375 employees
- Stripe let go of over 1,000 staff members
- Salesforce announced it will lay off roughly 8,000 employees
- Amazon laid off more than 18,000 staff
These layoffs are a clear indication of the tough economic times we are in. For those who are at risk of losing their work visas, it can be a very stressful time. For those affected by the layoffs, finding a new employer with a sponsor license on short notice can be challenging, especially with the widespread tech layoffs happening across the country. However, there is still a legal way to remain in the UK without a sponsor – the Global Talent Visa.
Unlike the Skilled Worker Visa, the Global Talent Visa is an employer-free visa that doesn’t require a job offer, a degree, or an English proficiency certificate. Instead, all that matters is your professional experience, making it an attractive option for those affected by the layoffs.
With the Global Talent Visa, talented specialists have the freedom to work and change employers, run their own business, freelance, study, and even bring their family to the UK. Moreover, it offers a straightforward path to Indefinite Leave to Remain (ILR) and British citizenship, with the option to become a permanent resident after three or five years on the visa, depending on its subcategory.
As companies continue to lay off employees, it’s essential to remain vigilant and prepare for potential career uncertainty. Apart from exploring alternative visa options, individuals can also invest in upskilling and reskilling to increase their employability and adapt to the changing demands of the job market.
While the tech layoffs may have disrupted the job market, there are still legal ways for immigrants to remain in the UK without a work visa. By exploring alternative visa options and investing in their skills, individuals can navigate career uncertainty and thrive in the ever-evolving tech industry.
At Sterling Law, we have helped numerous individuals navigate the immigration system in the UK, and we can help you too. We understand the challenges that come with layoffs, and we are committed to helping you find the best solution for your situation.
If you are facing a layoff or are concerned about your work visa status in the UK, we encourage you to contact us today. Our experienced immigration lawyers can provide you with the guidance and support you need during this difficult time. Don’t wait until it’s too late – call us now to schedule a consultation.
