Hiring in tech remains muted, sending another distressing signal ahead of Friday's critical jobs report. As of late July, tech job postings were down 36% compared to the same time last year, according to recent data from the online platform Indeed.
The hiring slowdown in tech has extended to all corners of the industry and many job roles.
As far as job roles go, data scientist and IT management hiring is particularly tight, with postings 43% and 45% below last year's levels respectively, according to Indeed. Listings for jobs in artificial intelligence and machine learning are down 29% year-over-year. Businesses that are close to e-commerce, like food delivery and online retail, have also held up better than other tech sectors. While Zhao admits that these companies saw a large surge in hiring at the beginning of the crisis as spending dramatically shifted online, he stresses that that trend has extended during the first half of the summer.
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