- Automation Anywhere was forced to do layoffs in April due to the coronavirus crisis.
- But Chief Technology Officer Prince Kohli said the startup is looking to fill jobs in response to a spike in demand for the company's brand of cloud-based automation, sparked by the shift to remote work.
- The roles, with salaries ranging from $100,000 to $200,000 a year, are mostly focused on AI and machine learning, the cloud, and user experience, which refers to design websites that are easy to use and navigate, Kohli tod Business Insider.
- "Across the board, compensation for all these jobs are over $100,000," he told Business Insider. "We're hiring a lot of AI people and data scientists."
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The coronavirus crisis was bad news for Automation Anywhere, forcing it to cut jobs as the pandemic was escalating two months ago. Now the $6.8 billion startup is on a hiring push after the pandemic led to a growing need for automation technology.
And the jobs in question pay very well.
The roles, with salaries ranging from $100,000 to more than $200,000 a year, are mostly focused on AI and machine learning, the cloud, and user experience, which refers to design websites that are easy to use and navigate, said Prince Kohli, Automation Anywhere's chief technology officer.
"Across the board, compensation for all these jobs are over $100,000," he told Business Insider. "We're hiring a lot of AI people and data scientists. We're hiring for cloud skills as well."
Automation Anywhere has been a market leader in a new, but fast-growing tech sector called robotic process automation, or RPA, which refers to technology that automates common and repetitive computer tasks. The rapid growth of RPA was underscored on Monday when Automation Anywhere's rival, UiPath, announced that it has raised another $225 million in venture capital funding, boosting its valuation to $10.2 billion.
Just eight months ago, Automation Anywhere raised $290 million from investors led by Salesforce Ventures, boosting its valuation to $6.8 billion.
But in April, the Silicon Valley startup announced that it was cutting jobs after the coronavirus crisis led to the sudden shift to remote work, which hurt demand for its core products. Automation Anywhere offers cloud-based software that clients can access remotely. But many of its customers have its software installed on their own servers in their own offices. The lockdown disrupted that business.
But the sudden pivot to remote work also triggered stronger demand for cloud-based automation. Automation Anywhere is pushing to meet that demand with new hires. But unlike last year, the company is focused on a narrower set of positions, Nancy Hauge, the company's chief human resources officer, said.
"Last year, we were in blitzscale mode," she told Business Insider. "We were after a critical mass in many areas. This year, we're more focused."
A key focus is bringing in more people with "cloud skills," Kohli said. He cited the need for cloud architects, who have become more in-demand since the crisis began.
A first-time architect can earn around $200,000 a year, though some one with more experience in that role can make $50,000 to $60,000 more, Kohli said.
Kohli said Automation Anywhere is looking for tech professionals with expertise in AI, which has become increasingly important in automation. He said Automation Anywhere is looking to hire more data scientists and machine learning architects. Making their platform more accessible and easier to use is key which is why it is also important for them to bring in so-called "user experience" designers, he said.
All that talent will help give Automation Anywhere an edge in an increasingly-competitive sector: Microsoft and IBM recently made acquisitions to expand their RPA offerings — even as UiPath prepares itself for a potential IPO, as it sees its own boom in business thanks to remote work.
"We have continued to see positive momentum so we are in pretty good shape," UiPath CEO Daniel Dines told Business Insider in a recent interview. "I can say that it might accelerate our plan for an IPO early next year."
Got a tip about Automation Anywhere or another tech company? Contact this reporter via email at [email protected], message him on Twitter @benpimentel or send him a secure message through Signal at (510) 731-8429. You can also contact Business Insider securely via SecureDrop.
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