Finally, here is some news to celebrate for those that have suffered pandemic-related job losses worldwide. Microsoft, a leading American technology firm, is planning to train around 25 million people that have lost their jobs by the end of 2020 as a component of its new skill and up-skill talent development program.
Of course, it is evident that many in this technology-filled society are expected to lose employment due to the continuing pandemic as more corporations are seeking to confront the lockdown leaning toward automation rather than manual labor.
As a result, analysts observing the job market forecast almost 400,000 workers are positioned to lose their roles in the ensuing three months as companies attempt to recover from the economic crisis by reducing employee-associated expenses.
Fortunately, Microsoft has partnered with LinkedIn and GitHub to prepare teaching approximately 25 million people new skills to improve the unemployment graph projected to rise by this year’s end.
“We create more technology so that others can make more technology”, stated Satya Nadella, Microsoft’s CEO. Evidently, more jobs will become digital by 2025, so new skills will be necessary for this transformed job market, and Nadella mentioned in other comments that this fact is a part of why Microsoft has established this job creation initiative.
LinkedIn shall assist Microsoft in finding the top ten jobs and skills globally through research conducted over the next two weeks with participation from its estimated 690 million users.
Next, Microsoft will then offer help IT, AI, and cybersecurity employees with both digital and soft skill development content for free. Consequently, said employees will be able to up-skill themselves and become eligible for additional job openings.
Interestingly, organizations have been investing less in training employees for the past six years due to cost-cutting initiatives, so Microsoft’s job re-creation program will support employees with re-building their skills in according to market demand.
On a similar note, the aforementioned demand has pushed businesses to increase cybersecurity professionals’ salaries. Specifically, information security managers are currently paid on average $256,000 annually, cybersecurity engineers’ salary range from $130,000 to $210,000, cybersecurity analysts’ salary vary from $90,000 to $160,000, application security engineers’ salary range from $120,000 to $180,000, network security engineers’ salary vary from $136,000 to $185,000, and penetration testers’ salary range from $86,000 to $130,000.