Anyone with half an eye on the news knows that tech layoffs have been happening across the spring and summer period. Freetrade, the London-based trading platform, is said to be making 15% of its staff redundant, while Curve, the London-based digital wallet aggregator, has reportedly let about 70 people go.
4 Top UK Cloud Companies 2022
With fears of recession on the horizon, war in Ukraine, rising costs and inflation, many tech companies want to make sure their bottom line looks healthy. Which means that costs are cut and headcounts are culled in an effort to preserve cash – writes Kirstie McDermott, Senior Content Manager, Amply.
Those who have been thinking about making a career move before the end of the year, may now be thinking twice. But the signs still look good for job seekers, according to the Office of National Statistics’s (ONS) labour market overview of the UK from May 2022.
The UK employment rate increased by 0.1% and that increase was driven by the movement of people aged 16 to 64 years from unemployment to employment. Additionally, the ONS noted that total job-to-job moves increased to a record high of 994,000, driven by resignations rather than dismissals, during the January to March 2022 period.
That’s reassuring, and if you want to insure your job hunt even more, in what is an uncertain period for tech, cloud careers remain solid bets. This is underscored by the quarterly earning reports in July from both Alphabet, the parent company of Google, and Microsoft.
Cloud was a highlight for both, with Microsoft’s server and cloud revenue increasing by 26%, driven by Azure and other cloud services. Similarly, Google Cloud revenue was up 36%, year on year.
Thanks to the pandemic, a McKinsey Global Survey found that companies have accelerated the digitisation of their customer and supply-chain interactions and of their internal operations by three to four years, and that the share of digital or digitally enabled products in their portfolios has accelerated by seven years.
The sector is only set to grow. Gartner says that by 2025, 95% of new digital workloads will be deployed on cloud-native platforms, compared to 30% in 2021. In addition, global cloud revenue is set to reach $474 billion this year, up from $408 billion in 2021.
As an ever increasing number of new businesses begin operations from a cloud-native standpoint, it’s a good time to be working in the sector. Forbes recently announced its seventh annual Cloud 100 list of the world’s top private cloud companies for 2022. The list is global and is designed to recognise standout firms, from small startups to private-equity-backed giants.
Four companies with headquarters in the UK made the Cloud 100 list. Check them out below, or discover lots of cloud jobs that are currently hiring here.
Checkout.com
Founded in 2021, Checkout.com is a London-headquartered payments platform that has around 2,000 employees. Its tech integrates electronic payments, analytics and fraud monitoring into one platform. The company processes payments for brands including Pizza Hut, H&M and Farfetch, as well as Fintechs such as Coinbase, Klarna and Revolut.
OneTrust
Compliance software firm OneTrust was founded in 2016 and has joint headquarters in London and Atlanta. It provides technology and services across aspects of data protection and privacy management, helping companies stay compliant with privacy and security laws like ePrivacy (the Cookie Law), GDPR and CCPA. 10,000 customers use its platform, which is backed by 150 patents, and it has around 2,500 employees.
Rapyd
Fintech as a service company Rapyd allows businesses to collect online payments from customers in over 100 countries worldwide, and integrates with popular platforms such as WooCommerce and Magento. Its mission is to build the technology that removes the back-end complexities of cross-border commerce, while providing local payments expertise. Founded in 2016, it is based in Londin and has 850 employees.
HiBob
The intriguingly-named HiBob is a HR software platform that was founded in London in 2015. Intended to be the “Instagram of HR tech”, its software is designed to do onboarding, payroll and performance management, and “innovates through continuous learning loops to produce seismic cultural shifts for companies with dynamic, distributed workforces”. HiBob recently opened offices in Australia and Berlin and has 2,400 customers including Hopin, Cloudinary, and VaynerMedia. Its team is around 650 in size.
