CTech: Covid-19 flooded the tech sector with talent

After raising $100 million in the past year, New York-based cybersecurity company BigID Inc. decided to make the most of the influx of suddenly available talented developers unleashed onto the market due to the coronavirus (Covid-19) crisis.

“Because we raised a lot of money we decided to make the most of this period in order to increase our competitive advantage over our competitors,” Nimrod Vax, Big ID’s co-founder and head of product, told Calcalist. “We continued to recruit new employees while many companies were firing people. We identified certain talents that had been sacked or felt insecure in their positions and were open to offers. We took advantage of this opportunity even in departments where we didn’t have an open position just to snatch up the talent.”