CEO Letter

I hope this message finds you well as we step into the new year together. As we navigate the evolving landscape of 2024, it's clear that the tech industry is undergoing significant changes. Amid the buzz of layoffs at tech giants like Google and Amazon, there's a quieter but impactful trend taking shape – the rise of tech outsourcing.

What's driving this tectonic shift? Let's unpack the forces reshaping the tech workforce:

Riding the Retrenchment Tide: Gone are the days of unchecked tech expansion. Economic shifts, inflation concerns, and a return to normalcy post-pandemic have prompted companies to rethink their strategies. The tech boom led to overstaffing, and now, the tide is receding. Brace yourselves for targeted layoffs, particularly in non-core functions and surprisingly, among engineers.

The Efficiency Imperative: In a world where costs are on the rise, efficiency reigns supreme. Many businesses are finding a compelling solution in outsourcing their IT functions. The allure lies in accessing a global talent pool with specialized skills and lower labor costs. This flexibility makes scaling IT resources both nimble and cost-effective, allowing internal teams to concentrate on core business drivers while leaving the tech backbone to seasoned providers.

The Innovation Equation: Outsourcing isn't merely a cost-cutting measure; it's a strategic move to stay ahead. Cutting-edge tech providers often possess expertise and access to advanced technologies that in-house teams might lack. Partnering with them grants businesses a crucial edge in a swiftly evolving landscape.

The Talent Conundrum: Securing and retaining top-notch tech talent is an ongoing challenge for all businesses - big or small. That is why last year we launched our Managed Infrastructure services and have seen a remarkable uptake. If you would like to learn more on how we can help you and your team navigate 2024, click here.

Andrew Mori,

Deimos CEO