- Job postings decline by over 15% YoY in Q2 2023
- Key tech themes with most job postings include Big Data, Cloud, and AI
- Abbott, Black & Veatch, and Robert Bosch among the top recruiters
The second quarter (Q2) of 2023 saw many companies across the globe announcing layoffs amidst a continuous decline in job postings. Major players like JP Morgan Chase & Co, Walmart, Credit Suisse Group AG, and Ford Motor Co were among the companies that have announced job cuts. Despite this, Retail, Technology and Communications industries exhibited resilience. Key themes driving hiring trends were Big Data, Cloud, and Artificial Intelligence (AI), reveals the Job Analytics Database of GlobalData, a leading data and analytics company.
GlobalData’s latest report, “Global Hiring Activity – Trends & Signals Q2 2023,” reveals that the global hiring activity (posted jobs) continued to decline by 15% YoY and 6% QoQ in Q2 2023.
Middle East and Africa, South and Central America experienced an increase in job postings. Countries with notable growth in new jobs include Japan, Czech Republic, and Brazil.
Sherla Sriprada, Business Fundamentals Analyst at GlobalData, comments: “Power, Healthcare, and Foodservice had higher year-on-year (YoY) growth in job postings. Pharmaceuticals, Retailing, Construction, and Automotive were among the key industries with higher job postings. Abbott Laboratories, Black & Veatch Corp, and Robert Bosch GmbH were among the top recruiters during the same period.”
In terms of themes, e-Commerce, Social Media, Edtech, and 3D Printing were the other notable themes with higher job postings. The launch of Generative AI tools such as ChatGPT and Bard led to a substantial increase in AI-related job opportunities.
Sriprada explains: “A remarkable 106% YoY growth in roles with exposure to Enterprise Social Networking and Collaboration Platforms serves as an example supporting the adoption of these technologies.”
Other skills in demand include Office Productivity Applications, Application Lifecycle Management, Application Platforms and Containers, Business Intelligence, Data Discovery Tools, and Database Management.
