November 2016 saw some M&A activity, although it was not too busy. The big deal of the month saw Broadcom acquire Brocade Communication Systems. Adobe also purchased TubeMogul; Wipro Limited will Appirio; Oracle Corp. has announced its plans to acquire Dyn Inc.; SoftwareOne acquired and integrated House of Lync; and Avnet completed an acquisition of Hackster. In other news, hackers caused some problems for Casino Rama Resort and AdultFriendFinder exposed 340 million users’ information. A Harvey Nash Technology Survey suggests 94% of technology professionals across the world believe a significant part of their job will be automated within ten years, rendering their current skills redundant. The economic indicators in the US were generally favourable and jobs numbers were quite positive. Canada’s economy continues the same tepid trend we have seen for quite some time. Sometimes up a little, sometimes down a little, with unemployment hovering around the 7% mark.
News from the Nest (November 2016)
This month’s issue features the most recent IT Industry News, our Quarterly Job Market Update, and top posts including “5 Common Rate Negotiation Mistakes” and “What’s Really Going to Happen to the Price of Oil?”
IT Industry News – October 2016
October 2016 did not have much in the way of deals, with one BIG deal seeing Qualcomm pay $47 billion for NXP Semiconductor. Wipro also paid $500 million Appirio, Google picked up FameBit, and Pivot Technology Solutions bought Teramach. Other news saw Google step into the smartphone world with the release of Pixel, at a time when wireless use in Canada is more than 50% of telecom revenues. Twitter announced layoffs plus the fact it will be shutting down the video service Vine and HP Inc. also announced layoffs. Most indicators that were based on numbers were reasonably positive. A couple of subjective indices were down, but nothing crazy. There were also numerous reports from IDC and Gartner this month with predictions of growth in many tech sectors including total IT spend, cloud spending, security spending etc. About the only areas that are trending down are PC and smartwatches. Here at Eagle, our CEO, Janis Grantham was included in the 2016 Global Power 100 Women in Staffing list.
Eagle’s CEO Among the World’s Top Women in Staffing
Janis Grantham Listed on SIA’s Global Power 100, Women in Staffing List
News from the Nest (October 2016)
This month’s edition of News from the Nest features our quarterly job market update across Canada, IT industry news, hot jobs, and top posts from the Talent Development Centre.
IT Industry News – September 2016
September 2016 saw a couple of large deals. Tech Data paid $2.6 billion for the technology solutions group of Avnet, and HP paid $1.05 billion for Samsung’s printer business. Other deals included Google, Subway, and Accenture. Economic news was generally positive around the world with a few exceptions, Brazil being the most obvious. The US was fairly positive in most indicators despite the upcoming election and their “interesting” potential presidents. The Canadian outlook seemed generally positive, of course these reports were prior to announcements of carbon taxes. The economy certainly doesn’t “feel” positive. Yahoo had some more bad press, this time for a security breach, and Blackberry announced that it was getting out of the hardware business. A couple of studies looking at emerging technologies saw increasing investment in big data analytics and IoT in the manufacturing sector and a suggestion that robots might only replace 6% of jobs in the future.
News from the Nest (September 2016)
This month’s edition of News from the Nest includes our IT Industry News and highlights from the Talent Development Centre, including job interview and business tips for independent contractors.
Industry News – August 2016
August 2016 saw a fair bit of M&A activity. The largest deal saw global staffing company Randstad buy one of the larger job boards, Monster. A similar sized deal saw Intel shell out $408 million for artificial intelligence company Nervana. Other companies buying included Hewlett Packard Enterprises, Apple, Salesforce, and ScanSource. Cisco was in the news for more layoffs, announcing 5,500 people, approximately 7% of their workforce, will lose their jobs as the company switches its focus from hardware to software. Economic indicators around the globe were not too bad, with the US still talking growth, albeit slightly slower than previously expected. Other markets generally saw positive numbers on employment, except perhaps Mexico and Canada (which lost 31,000 jobs in July). A number of reports looking at emerging tech markets suggest that IoT, Cloud services and Video as a Service are all areas of growth and thus possible areas for investment.
Freelance work expanding to more sectors, report finds
This article by Mary McIninch was originally published by The Globe and Mail Although the typical Canadian freelancer may be perceived as a writer, graphic designer or other such creative type, new data paint a different picture of the temporary and contract work force. A recent report by FlexJobs found that between May and July … Continue reading Freelance work expanding to more sectors, report finds
News from the Nest (August 2016)
This month issue features our IT Industry News, Quarterly Job Market Update, industry articles, and top posts, including “What is Stopping You?” and “The Pros and Cons of Being an IT Freelancer”.