January 2018 saw the continuing saga of cities bidding to win Amazon’s second headquarters, now down to 20 finalists. The Meltdown and Spectre hardware bugs are causing major headaches for tech companies and their clients, with the potential for hackers to take advantage. On the M&A front, the big deal saw investment management software company SS&C pay $5.4 billion for financial services software company DST Systems. Amazon Web Services increased its cybersecurity protection capabilities through the purchase of Sqrrl. ADP bought gig economy tool WorkMarket and TD Bank bought a Canadian AI company Layer 6. After some good indicators in 2017 Canada lost 88,000 jobs in January. The U.S. numbers are still looking good, adding another 234,000 jobs in January. Global CEO confidence is up and indicators around the world still seem positive. A stock market correction in mid-January is, however, causing some concern.
News from the Nest (January 2018)
2018’s first News from the Nest features Eagle’s Canadian Job Market Update for Q4 2017, IT Industry News and highlights from the Talent Development Centre.
IT Industry News – December 2017
December 2017 saw Atos enhance the footprint of their IT Services firm by paying $5 billion for Gemalto. Apple were busy, paying $400 million for music recognition app Shazam plus they invested $390 million into optical communications components company Finisar. Finally, in a relatively quiet M&A month Ingram Micro increased its data protection capability through the purchase of Cloud Harmonics. The Canadian economy had some positive indicators, adding jobs and reducing the unemployment rate to 5.9%. The US also continued its growth rate, albeit at a slightly reduced pace although the announced tax changes for business are going to provide a significant stimulus. Generally, reports from around the globe were fairly positive, with job growth and reduced unemployment in most countries. There was a cautionary report about ransomware in Canada that might suggest up to 44% of SMBs were hit with ransomware in a 12 month period.
News from the Nest (December 2017)
Our December 2017 edition of News from the Nest includes the latest IT Industry News, plus the most popular recent Talent Development Centre posts, including Why Staying in Shape Benefits Your Career.
IT Industry News – November 2017
November 2017 saw some interesting information from countries round the world. China’s growth slowed a little, India is struggling in the IT jobs space and there are some negative effects from the upcoming Brexit that are affecting the UK and EU. The US is looking strong again following a hurricane affected dip and Canada added 35,000 jobs in October. The Big M&A activity for the month sees investment firm Thoma Bravo pay $1.6 billion for Barracuda networks. McAfee also made an acquisition of Skyhigh Networks now that they are no longer a part of the Intel group of companies. Smaller deals saw Talend buy Restlet and Qualys buy Netwatcher. Other companies in the news include Lenovo, a struggling hardware company in a declining PC market and laying off 2% of their workforce. The other company of interest was Uber who revealed a massive security breach which they had neglected to mention when it happened a year ago!
News from the Nest (November 2017)
This month’s edition of News from the Nest includes the IT Industry News and some of our hottest Talent Development Centre articles, including “How to Follow-Up with a Recruiter” and “How to Stay Safe on Free Wi-Fi”.
IT Industry News – October 2017
October 2017 continues a recent trend of reduced big ticket M&A activity, although there was certainly some action. Not yet a done deal, but Broadcom is chasing Qualcomm pretty hard and if it goes through it will be the biggest tech deal yet. The latest rejected offer was north of $100 billion (some reports said $130 billion), but watch that space. In the meantime, Cisco is shelling out $1.9 billion for Broadsoft which improves Cisco’s software capabilities. The final significant deal saw Telus beef up its service provider capability with a $250 million purchase of Xavient. The other company in the news was Amazon (a) because of its much publicized search for a site for its second headquarters which has 239 cities around the world excited at their prospects; (b) because they also announced a second presence in Vancouver, bringing another 1,000 jobs and (c) for its growing influence in the AI world, announcing a research center in Germany.
News from the Nest (October 2017)
The October Edition of News from the Nest includes the latest Quarterly Canadian Job Market Update, plus IT Industry News and the month’s favourite TDC posts.
IT Industry News – September 2017
September 2017 saw Google splash out $1.1 billion to acquire HTC’s pixel team, IKEA bought gig economy company TaskRabbit, HPE bought Cloud Technology Partners, and Edmonton company F12.net bought Vancouver’s ONDeck Systems. HPE was also in the news, announcing yet another round of layoffs and Equifax hit the news retroactively announcing a huge cyber breach affecting 143 million customers. CareerBuilder also announced 120 layoffs and IBM continues to take heat for the Canadian Federal Government’s Phoenix Project. The Canadian economy has been performing well; however, some are concerned that storm clouds are gathering with observers suggesting that we might face a Government induced recession in 2018. Elsewhere, the US economy continues to perform well and generally worldwide economies and job prospects are improving.
News from the Nest (September 2017)
The September edition of News from the Nest includes our monthly IT industry news, the latest jobs at Eagle, plus the top posts from the Talent Development Centre, including 9 Questions Independent Contractors Should Ask All Recruiters.