Job postings declined in Q2 2022 after an increase in the previous quarter. Several companies, including Tesla, JPMorgan, Pepsico, and Novartis announced layoffs during the quarter.
Active Jobs declined by 1%↓ in Q2 2022, while the closures rose 9%↑ compared to the previous quarter.
The US had the most active jobs and witnessed sequential decline of 6%. India was a key hiring location for US headquartered companies.
Job Closure in China was 25% more as compared to new postings. In comparison, Germany and Japan had more postings.
Retail and Technology sectors posted high number of jobs, while Automotive sector had the highest sequential growth.
Technology themes such as Cloud, Big Data, and Digital Media posted and closed more jobs in Q2 2022 over that in Q1 2022. Companies continued to focus on ESG initiatives.
Commerce Applications skills were in demand along with Application Lifecycle Management in Q2 2022.
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