Workers from the hard-hit tech sector find stability in traditional industries

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Workers from the hard-hit tech sector find stability in traditional industries
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Many tech workers are looking for opportunities outside the industry, despite its reputation for high compensation, fast-paced projects and intense work culture

The great tech shakeout: Canadian startups face extinction as cash runs out and profits remain elusive

Sun Life’s chief information and technology officer, Laura Money, said the decline in competitive job offers has helped the insurer speed up its hiring process. Less competitive offers, along with the slower rate of hiring at tech companies, have also contributed to a decline in Sun Life’s attrition rate. And the number of “rebound” employees – individuals who left Sun Life during the tech boom and are now returning – has been on the rise, Ms. Money said.

Health insurer GreenShield has hired more than 100 tech workers over the past two years to staff the company’s new technology and mobile application business, said chief executive officer Zahid Salman.

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