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Global Hiring Activity - Trends & Signals Q2 2023

Global Hiring Report shows job postings declined by over 15% YoY in Q2 2023. Over 330 companies announced layoffs in the quarter. This is, however, an improvement compared to over 670 companies announcing redundancies in Q1 2023
Job postings increased YoY in the Middle East and Africa; South and Central America. Japan, the Czech Republic, and Brazil had the highest increase in new job postings. The United States, United Kingdom, India, Germany, and Canada had the most new job postings in the quarter
Retail, Technology, and Communications sectors exhibited resilience, while Power, Healthcare, and Foodservice displayed YoY growth in new job postings

A detailed understanding of the various trends and signals in Q2 2023:

Industries with the most posted jobs include Retail, Healthcare, Technology, and Communications. Power, Healthcare, and Foodservice had higher YoY growth in job postings.

Key technology themes with most job postings include Big Data, Cloud, and Artificial Intelligence. The launch of Generative AI tools such as ChatGPT and Bard led to a substantial increase in AI-related job opportunities. E-commerce, Social Media, Edtech, and 3D Printing were other notable themes with higher job postings. Company newly created initiatives examples such as Novo Nordisk AS - Develop CVD as a new disease area across SEEMEA (South-East Europe, Middle East & Africa) and Mars Inc - Deploy 5-Year online platforms strategy in Europe. Some of the new roles/teams include GE Healthcare Technologies Inc - GE Healthcare AI Grou, Clinical tasks automation, and Walmart Inc - Walmart Commerce Technologies, easy commerce and fulfillment solutions for retailers.