Join Transform 2021 this July 12-16. Register for the AI event of the year.

Careers community Glassdoor just released the results of its second quarter employment confidence survey. The results are not great … nor  are they horrible.

There’s good news for some and bad news for others.

In the bad news category, almost a third of tech workers in the West are worried about layoffs. That’s probably largely due to HP’s announcement in May that the company plans to lay off 27,000 people.

Above: This are looking up(ish)

Image Credit: Glassdoor

And, of the companies that made changes to compensation or benefits, 86 percent of them made negative changes: reducing pay or perks.

Employee confidence, which this survey measures, is an indicator both of what employers might do in terms of increasing or decreasing payrolls, and of consumer confidence.

Workers who are afraid of potential layoffs tend to spend less, depressing the economy.

In the good news side of the ledger, however, 90 percent of employees nationwide expect their company outlook to either improve or stay the same. Only 10 percent expect it to get worse, and the number of people concerned about potential layoffs decreased somewhat.

Another stat on the positive side? More jobseekers are confident about finding work — 42 percent this quarter, up from 36 percent last quarter.

Even more telling: It’s 17 percent higher than a year ago, when only 25 percent of jobseekers were fairly sure they’d find work.

One downside for those who are currently employed is that expectations of raises are low: 60 percent of workers are not expecting a raise in the coming quarter.

Above: Salary: most are not expecting raises

Image Credit: Glassdoor

The somewhat positive but definitely mixed results echo the recent Simply Hired jobs survey, which showed that job openings are up but that there’s still plenty of gloom in the market.

Given the economic and financial upheaval of the past few years, however, we may be able to count the absence of too many negatives as a positive.

Image credit: Kosta Kostov/ShutterStock


VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member