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Brexit Threatens a Steep Loss of Jobs for U.K.-Based Tech Companies

While large multinationals may weather Brexit, small- and medium-size enterprises are suffering

2 min read
Illustration of shadow of man with flag
Illustration: Roy Scott/Getty Images

As of press time, the United Kingdom was scheduled to leave the European Union on 31 October. However, there has been chaos in the British parliament, and it is still uncertain if the U.K. will exit on that date, or if it does, on what terms. One thing that has become clear is that Brexit will inflict significant hardship on small- and medium-size enterprises (SMEs).

As we reported in our September 2019 article on the flow of tech workers from the U.K. to Ireland, large multinationals have the capital to move operations in order to mitigate disruptions. For SMEs, the kind of measures that can be taken in the wake of Brexit are far more limited.

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Asad Madni and the Life-Saving Sensor

His pivot from defense helped a tiny tuning-fork prevent SUV rollovers and plane crashes

11 min read
Asad Madni and the Life-Saving Sensor

In 1992, Asad M. Madni sat at the helm of BEI Sensors and Controls, overseeing a product line that included a variety of sensor and inertial-navigation devices, but its customers were less varied—mainly, the aerospace and defense electronics industries.

And he had a problem.

The Cold War had ended, crashing the U.S. defense industry. And business wasn’t going to come back anytime soon. BEI needed to identify and capture new customers—and quickly.

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