Microsoft News: Hiring Drops 46%, LinkedIn has Only 3 Job Openings
Here’s the latest Microsoft News on recruitment, As the COVID-19 pandemic continues to disrupt global economies, and firms across the world have stopped fresh hiring. Tech-giant Microsoft has reduced job openings to nearly half in just the past three weeks.
Tech giant Microsoft has seen a nearly 46 percent drop in hiring activity while its professional career website LinkedIn has listed even worse – just 3 openings for its entire operation.
According to data compiled by alternative data platform Thinknum, Satya Nadella-run tech giant listed 5,580 openings on its main careers site on March 22. By April 20, that number sunk to 3,028, a 46% drop in hiring activity.
LinkedIn, the Microsoft-owned professional network has seen an even starker drop in hiring. Microsoft News on March 1, 2020, LinkedIn listed 510 openings. As of this week, LinkedIn shows only 3 openings for its entire business, the data platform added.
LinkedIn’s main source of revenue comes from job listings but there are very few new jobs as industries after industries are being hit by the COVID-19 pandemic.
The hiring slowdown at Microsoft is across the board for the most part. Of the 20 categories for which the company hires, all have seen a drop in openings. However, the engineering sector is the least affected among the categories, according to Thinknum.
More about Google, Microsoft News:
This is not just about Microsoft news, but also Google which hired 20,000 employees in 2019 and planned to recruit a similar number this year has decided to freeze hiring for the rest of the year as the company fights COVID-19 pandemic.
In an internal memo, Alphabet and Google CEO Sundar Pichai said that now is the time to significantly slow down the pace of hiring, “while maintaining momentum in a small number of strategic areas where users and businesses rely on Google for on-going support and where our growth is critical to their success”.
Google is also recalibrating the focus and pace of its investments “in areas like data centers and machines, and non-business essential marketing and travel”.
Amid the COVID-19 pandemic, employer demand for workers has gone down significantly, especially from the second half of March and the trend in listings on the job site Indeed was over 30 percent lower as of April 10, 2020, compared to last year.
The trend in new postings is down 49.1 percent compared to 2019 as of April 10, Jed Kolko, Chief Economist at the Indeed Hiring Lab, said in a blog post last week.
On Monday, Microsoft-owned LinkedIn published a study that stated, a quarter of India’s workforce (25 percent) has reported a decrease in their incomes, while 39 percent reported a dip in personal savings due to the impact of COVID-19 pandemic.
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