Trends Snippets: Returnships ups and downs after COVID.
Returnships and Layoffs Trends 2022
After two years of booming, Returnships significantly dropped last year and have risen these days – we can see a spike on Glassdoor for returnship jobs last month. This is because a growing number of companies have started to offer returnships as a way to attract additional talent.
For instance, Amazon announced that they plan to open 1,000 returnship positions –
"Through this new program, we hire candidates for 16 weeks and provide a risk-free, supportive environment that eases the transition back to work.
We offer to coach and mentoring that starts at the recruitment and interview process and continues every day of the program as participants work on a set project plan with clear goals. Finally, at the end of the Returnship, we extend offers for full-time roles to participants who excel and see a future at Amazon."
Amazon recently piloted a minor Returnship program in the U.S. across Operations Finance, Consumer Payments, Amazon Pay, and Search teams. With the launch of this new program, they plan to hire 1,000 returners and expand the program to additional teams and geographies.
At the same time, according to TrueUp's tech layoff tracker, there have been 1138 global layoffs at tech companies this year, affecting 182,605 people.
What does Returnship mean?
Returnship is full-time paid internships for adults who have been out of the workforce for at least a few years.
Returnships were first developed in the early 2000s as a few forward-thinking Human Resource professionals realized that having a gap in your work history made it difficult for people to get a job. They started in investment banks, and Goldman Sachs is credited with pioneering the first returnship program in 2008.
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