• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Techunemployment

Barclays and Jaguar looking to scoop up Meta and Twitter cast-offs to ramp up tech divisions

Christiaan Hetzner
By
Christiaan Hetzner
Christiaan Hetzner
Senior Reporter
Down Arrow Button Icon
Christiaan Hetzner
By
Christiaan Hetzner
Christiaan Hetzner
Senior Reporter
Down Arrow Button Icon
November 18, 2022, 11:27 AM ET
Elon Musk's loss may be someone else's gain, as companies outside the tech industry look to finally recruit sorely needed software talent let go in mass layoffs.
Elon Musk's loss may be someone else's gain, as companies outside the tech industry look to finally recruit sorely needed software talent let go in mass layoffs. STR—NurPhoto via Getty Images

If you’re a Twitter software developer looking to switch jobs, maybe it’s time to consider switching to a whole different industry. 

Whether its banks or car companies, other sectors outside of Silicon Valley have finally realized digitization is revolutionizing every aspect of their business.

Investment bank Barclays for example is hoping to scoop up talented Twitter personnel according to its chief operating officer.

In a LinkedIn post this week, he wrote his firm was looking to fill 3,000 open tech roles ranging from engineering and architecture to cyber and innovation.

“We’re looking for technologists who are passionate about leaving things better than they found them and are excited at the prospect of reimagining financial services for millions of people around the world,” wrote Mark Ashton-Rigby. “If you’re embarking on a new chapter and are reading this, take it as a sign that there could be something very exciting for you just around the corner… apply today.” 

There’s no time better than now given the tech industry at large is cleaning house after years of excess. Mark Zuckerberg’s Meta is sacking some 11,000 people, for example, while Jeff Bezos’ Amazon is getting rid of 10,000. 

The Verge meanwhile reported over 1,000 of the 3,000 employees still at Twitter are believed to have resigned rather than accept Elon Musk’s offer to work on “Twitter 2.0”, which eventually could resemble something of a WeChat rival one day if the serial entrepreneur succeeds. 

If true, that would leave just about 2,000 people still employed at the company—a number of whom reportedly are foreign nationals that require a work visa to remain in the country. At the start of the month, there were still 7,500 people at Twitter.

Gap to Tesla

One of those that resigned by his own admission is Peter Clowes, a senior software engineer with the company.

After surviving this month’s mass layoffs, he decided to leave after only 3 members of his team of 75 remained. He wrote the idea of putting out fires all day just to keep critical services running offered little purpose or meaning in exchange for the grueling hours ahead. 

“I no longer knew what I was staying for,” he posted in a long thread explaining his reasons. “Would you sacrifice time with your kids over the holidays for vague assurances and the opportunity to make a rich person richer, or would you take the out?”

Why I left @twitter or rather why I did not sign up for “extremely hardcore” Twitter 2.0

🧵

— Peter Clowes (@peterclowes) November 18, 2022

One group desperate for software developers is carmakers, which have struggled to attract IT workers capable of narrowing the skills gap with Musk’s Tesla.

In 2019, Volkswagen announced plans to found its own in-house IT unit, now called Cariad, just to create a more agile and progressive working environment free of stifling corporate bureaucracy. 

“Every company is a software company,” said VW Group IT manager Tom George at the time. “Some just haven’t realized it yet.”

It’s precisely for this reason that Jaguar Land Rover is hoping people like ex-Twitter developer Clowes can be lured to the Tata Motors subsidiary and bolster its software expertise that is so crucial for delivering a modern experience today’s luxury car buyer expects.

On Friday, it announced a new global drive to fill over 800 new vacancies with those let go by Twitter, Meta and many others.

“Following the news of large-scale job losses from technology firms, Jaguar Land Rover is opening a new jobs portal for displaced workers from the tech industry to explore career opportunities,” it wrote.

Musk meanwhile took the defections in stride, even if they meant a vote against his vision of a better future for Twitter. “The best people are staying, so I’m not super worried,” he remarked on Thursday.

Our new weekly Impact Report newsletter will examine how ESG news and trends are shaping the roles and responsibilities of today's executives—and how they can best navigate those challenges. Subscribe here.

About the Author
Christiaan Hetzner
By Christiaan HetznerSenior Reporter
Instagram iconLinkedIn iconTwitter icon

Christiaan Hetzner is a former writer for Coins2Day, where he covered Europe’s changing business landscape.

See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.