Not too long ago, the consensus on the economy was that it was firing on all cylinders. Unemployment was low, investment across all sectors was through the roof, and within the cybersecurity vendor community, opportunities for career growth and change proliferated. Then, suddenly, the sentiment changed.
Inflation skyrocketed, the stock market went into a tailspin, and investment tightened based on speculation that interest rates would increase—which became an eventuality. In the cybersecurity world, the combination of negative general economic sentiment, dire messaging from VCs to founders, and sizeable layoffs at organizations that recently raised vast amounts of cash had a tangible effect on the people (talent) that make up an industry. People are staying put, and who can blame them? During periods of uncertainty, it’s most comfortable to go with the “devil you know,” but that’s not always the best strategy.