The anonymous social network Blind surveyed nearly 7,000 tech workers
about their job security and found a 33% increase in concern between
March and April.Facebook employees were the least concerned about their
jobs; Expedia employees were the most worried.Blind also surveyed tech
workers on whether or not they were worried about pay cuts. There was a
22% jump in concerned employees from one month to the next. Amazon
workers were the least worried about their pay; Lyft workers were the
most concerned.Visit Business Insider's homepage for more stories.To get
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Nearly three-quarters of employees at tech companies are concerned
about their job security, according to a new survey from anonymous
social media app Blind, conducted exclusively for Business Insider.
That's a 33% jump from results of the same survey a month ago. Blind
asked its users “Are you concerned your job security will be negatively
affected by the economic trends stemming from the Coronavirus？” and 72%
percent of the 6,950 tech workers that answered between April 11 and 15
said “Yes.” In an identical survey conducted between March 9 and 11,
only 54% of 7,155 respondents answered yes. The numbers of employees
that answered the survey varied greatly from company to company, from
560 employees at Amazon to 48 at Adobe. But a breakdown of Blind's data
by employer still allows for a timely reflection of how workers at
individual companies feel at a time of uncertainty and trepidation.For
example, Facebook employees were the least concerned about their jobs,
according to the data, with just half saying they were worried. Expedia
employees were the most worried, with 95% expressing concern (perhaps
unsurprising, given that Expedia laid off 12% of its workforce in late
February). Employees from travel and gig-economy companies were some of
the most concerned, generally.
Tech industry analyst Charles King of Pund-IT Weekly Review says that
the increased concern reflects “the massive, rapid evolution of
COVID-19-influenced events.”
The findings also illustrate that job fears are not “falling equally
on everyone,” King says. “That's due to the fact that the crises
hammering some businesses and industries have also created opportunities
for other tech companies,” he says, “Including cloud computing, online
gaming, and entertainment and vendors that provide work from home
solutions and services.” Another noteworthy tidbit from the survey is
the month-over-month increase in concern from workers at large
companies. In March, less than half of the workers at Amazon, Google,
LinkedIn, and Salesforce were concerned about their jobs. At Apple, only
39% of workers were worried about their jobs in March.Any semblance of
serenity melted away in April though. No company surveyed this month had
less than 60% of its employees say they were concerned about job
security. The survey comes as record-setting unemployment claims are
being reported nationwide. The Labor Department reported on Thursday
that 5.2 million Americans filed for unemployment insurance in the week
that ended April 11, bringing the four-week total to roughly 22.03
million, a record for a period of that length.
Daniel Alpert, a creator of the US Private Sector Job Quality Index,
told Business Insider that the new wave of national layoffs are moving
beyond frontline workers immediately cut from jobs at businesses deemed
nonessential to “avoidable layoffs or furloughs in white-collar service
sectors administrative, professional, technical, management and sales
positions.”Businesses across every industry are cutting jobsor putting
employees on furlough. The results of Blind's job security query were
roughly mirrored in a companion question: “Are you concerned your total
income is going to be negatively affected by the economic trends
stemming from the Coronavirus？”Seventy-six percent of respondents
answered “yes” this month, while 62% answered “yes” in March, which is
about a 23% increase in concern.Amazon workers were the least worried
about their pay, with 65% expressing concern; 94% of Lyft workers said
they are concerned, at the other end of the spectrum.
Blind's spokesperson Fiorella Riccobono said chatter on the app has
shifted from discussion of negotiating techniques to win better pay to
conversations about finding a job.
“In the coronavirus era, working professionals are stepping up and
helping those who have been laid off or furloughed,” she said, “By
sharing an increase of job posting links, insights to companies or teams
early in their recruiter phase, or offering referrals.”
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