LETTER FROM TRU’S CEO -

The data privacy industry no longer has a talent shortage problem ­— we have a job shortage problem. TRU estimates in the years following the COVID-19 pandemic, between 2020 and 2022, approximately half to two-thirds of the industry changed jobs. By the end of 2023 the volume of available job opportunities had decreased by almost 60% from the prior year. Global macroeconomic factors such as volatile stock prices, interest rate hikes, fear of a recession, lack of aggressive regulatory enforcement, and the uncertainty in the United States of an upcoming election year made direct-hire headcount approvals for data privacy professionals elusive throughout 2023, forcing privacy hiring authorities to expect and ask more from their existing staff or find alternative means of acquiring talent.