Over 93,000 employees of U.S.-based tech companies were laid off in the first two months of 2023. As we head further into economic uncertainty, every company is faced with the challenge of doing more with less: Less talent, less budget, less time, and fewer resources.
One way companies can maximize what they already have is by upskilling and reskilling employees. By teaching workers additional skills (upskilling), or an entirely new skill (reskilling), organizations show their commitment to employees by providing them with new knowledge and opportunities that will serve them throughout their careers.