According to a study by a US consultancy company, more than half of those who left their jobs during the pandemic period started their own companies and competed with their old workplaces.
The COVID-19 pandemic, which entered our lives at the end of 2019, has affected our business lives as well as our private lives. While many companies switched to remote working, some companies had to lay off many of their employees due to loss of income. In fact, some of these layoffs continued after the pandemic.
The US-based consulting firm Clarify Capital conducted a survey with 1,000 technology company employees who were laid off during the pandemic, researching what they did after leaving the job. The results are quite surprising.
Many are self-employed, while others are still unemployed.
According to the survey organized by Clarify, technology workers who were laid off during the pandemic period 63% start their own companies and start-ups after leaving the company. While the majority of those who set up their own companies resort to this path for professional goals and to earn more money, some state that they have established their own company or become a partner in a company because they cannot find a job.
In addition, 93% of 1,000 employees who left their company, either founded a competitor to the company he works for or works for a competitor.. In addition, 1 out of every 4 employees from their jobs in the technology sector cannot find a job, and Some of the employees who did not choose to start a company are still looking for a job. among the information contained in the report.
So where do employees who leave companies get the money to start their own companies?
In the survey, 72% of the employees stated that they received the necessary budget to establish their new company from their friends, while 71% stated that they came to the aid of their family members. The number of crowdfunding applicants such as Kickstarter and Indiegogo is stated as 37% and 34%.
On the other hand, 50% of the employees who started their companies They start receiving customers within 4 to 8 months. and they are starting to earn significant amounts of income. In addition, more than 50% of employees who set up their own companies state that despite all the difficulties, they establish a better work-life balance and that their work feels safer.
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It is also stated in the research that almost all of the employees who started their own companies and are still looking for a job are worried about the future of the technology sector and the competition in this sector. The biggest reason for this concern is economic uncertainties and the rapid increase in competition.