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The Current Scope
Toronto’s IT sector was one of the fastest growing sectors in North America until COVID-19 caused widespread temporary layoffs in the industry. As a result, some areas of the industry—particularly in hardware—saw a significant downturn in profits due to interruptions of the logistics in the supply chain.
At the same time, there was a massive increase in demand for software support as the majority of the workforce had to transition to remote work overnight. This demand will likely continue as organizations prepare their operations for future disruptions and new ways of doing business.
Anticipated changes in the future of work due to technology and automation were reported in mainstream news for many years, but with the global sweep of COVID-19, the future of work was rapidly accelerated. This immediate need for employees to have IT or digital skills puts those who do not possess these skills at risk of sustained unemployment.
There is an urgent call to train, retrain, and reskill people with IT and digital skills. The Career Foundation invites employers to collaborate with us on designing training initiatives to meet the industry’s talent needs, so together we can rebuild and create opportunities for IT companies and its workforce to grow.