Former Volt employees ‘inundated’ with new job offers

“We are deeply, deeply grateful and quite bewildered as we try to follow up on all the messages,” Ms Truong said.

The bank’s closure along with layoffs in the start-up sector has provided a new source of skilled professionals that companies have struggled to hire since the second half of 2020.

However, recruiters say the demand still exceeds the supply of workers.

The number of tech professionals who have been laid off as capital markets have tightened is a “drop in the bucket” compared to job openings, said Michael Solomon, chief executive of staffing firm MitchelLake. Australia.

“Specifically in tech, for every scale-up or hyper scale-up or even a larger fintech company like Volt that loses 100 or 150 people, there’s another one around the corner that’s in booming and wants to hire as many,” Solomon said. .

“For anyone with a background in technology or financial services, I suspect they will be able to find a job fairly quickly and in fact the challenge will be that they may be spoiled for choice.”

Simone Joyce, CEO of payments technology company Paypa Plane, whose workforce has doubled to 40 this year, has seen no easing in the talent shortage that has plagued fintech companies since the country’s borders closed. country during the pandemic.

“Even though we see companies laying off team members… other companies continue to grow across the board because they’ve had gaps to fill for so long,” Ms Joyce said.

Not only are Volt staff re-entering the workforce amid a severe skills shortage, she said, but they have also earned a reputation for building a cutting-edge technology platform in a short period of time.

“Nobody disputes the fact that what they built was great technology, and they built it in a way that sort of set the benchmark for how quickly you can flip a mortgage,” said Miss Joyce.

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