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News Article

How Can Tech Companies Fight Unemployment?

By MBN Staff | Wed, 07/01/2020 - 11:22

In the months of March, April and May, 1,030,366 formal jobs were lost in Mexico as a result of the COVID-19 pandemic. In May alone, 344,526 jobs were lost. To face this scenario, tech companies have joined forces and through their platforms are offering options for unemployed people.

This week, Microsoft launched an initiative to help those who need to acquire digital skills. The program, in partnership with LinkedIn and GitHub, aims to reach 25 million people around the globe by the end of the year and is designed so that applicants can access positions of data analysis, digital marketing, software development, among others. These are digital professions identified by LinkedIn to be in greatest demand.

“Someone who is unemployed needs to know what to learn. We give those learning materials for free to access areas where we know there are recruiters and hiring managers on the other side waiting to hire them,” said CEO’s LinkedIn Ryan Roslansky in a statement.

According to Microsoft, economic recovery will be rooted in the Industry 4.0 revolution and, within five years, the global labor sector could absorb around 149 million jobs related to technology. “Of course, the magnitude and composition of job growth will be different in each country, industry and sector. Although the impact will not be equitably distributed, digital transformation will touch virtually every corner of the global workforce,” the company said in a statement.

According to BBVA Mexico, by 2024, the jobs that will be lost during the COVID-19 crisis will be recovered. Likewise, the Spanish bank said that in the face of the destruction of employment that was observed in March and April, it is expected that up to 1.5 million sources of income will be lost this year.

Microsoft’s CEO Satya Nadella said COVID-19 has widened the skill gap and exacerbated economic inequality. "Talent is everywhere, opportunity is not," he pointed out.

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