Are tech employees leaving and going to competitors?

Keeping loyalty among employees can be a difficult challenge, but may also be critical to survival of your business as well as stopping leaks, spying, and other forms of corporate espionage.  Often requests for our corporate TSCM service come when a well placed employee in a tech position has left the company. Even those without any sort of grudge may still have access to confidential information. Those who may fit the “disgruntled” category may pose even greater threats.

A recent ZDNet article suggests that tech workers are more inclined to leave their jobs than those in other industries. 

“As many as two-thirds of IT workers are open to or are already actively seeking new job opportunities, a global analysis of 18,000 employees indicates, putting CIOs in a precarious position as tech talent shortages bite. 

A workforce survey conducted by analyst Gartner in Q4 2021, which included 1,755 IT employees from 40 countries, found that just 29% of IT workers have a “high intent” to stay with their current employer.

IT workers are more inclined to quit their jobs than employees in other functions, Gartner found, with a 10.2% lower intent to stay than non-IT employees – the lowest out of all corporate functions.”

[Read more]

Also in recent news, aerospace supplier Moog Inc. said its work in unmanned helicopter aviation was jeopardized by stolen trade secrets and a commandeering many of its software employees by an aviation startup company, Skyryse. 

“Moog, in a federal lawsuit filed this week in Buffalo, said a software engineer who quit the company’s Los Angeles-area office in December took more than 136,000 digital files related to flight control software to her new employer, Skyryse, a six-year-old startup.” …

“Moog has invested approximately five years of research and development into unmanned helicopters and 15 years in developing the software, the company said.

‘By stealing Moog’s source code and other proprietary information … and crippling Moog’s software engineering workforce, Skyryse has jumped to the front of this race to be first to market and has slashed Moog’s tires along the way,’ according to the lawsuit. “
2022-03-13T22:57:44-04:00March 13th, 2022|
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