Digital Jobs Index: 2019 Hiring Softens in Major Tech Hubs
ON Partners Data Reveal Overall Hiring Remains Strong, Was Down in Last Half of 2019
ON Partners, the experience-driven retained executive search firm, unveiled the results of its 2019 Digital Jobs Index for the nation’s largest tech centers of Boston, New York City and the Bay Area. Data show that while hiring in the major tech hubs remained strong, it was down from 2018. Key findings from the report include:
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“While overall 2019 tech hiring was strong by almost any measure, we saw a noticeable slowdown that began over the summer and continued to the end of the year”
- Bay Area tech employment increased by 11.5% and 27,500 jobs added in 2019, compared to 12.7% and 26,780 new jobs in 2018. The ten local companies showing the largest annual headcount gains include Google, Facebook, Apple, Oracle, Amazon, Adobe, Salesforce, Airbnb, Workday and VMWare.
- New York’s tech hiring increased by 10.0% and 8,190 jobs added in 2019, compared to 13.4% and 9,420 new jobs in 2018. The top local hiring companies include Amazon, Google, Facebook, Compass, Spotify, Microsoft, Uber, Salesforce, Indeed.com and Lyft.
- Boston’s tech headcount growth increased by 6.0% and 4,100 jobs added in 2019, compared to 9.2% and 5,540 new jobs in 2018. Top local hiring companies include Wayfair, Amazon, Google, HubSpot, Toast, ezCater, Mathworks, CarGurus, TripAdvisor and Kronos.
“While overall 2019 tech hiring was strong by almost any measure, we saw a noticeable slowdown that began over the summer and continued to the end of the year,” noted John Barrett, partner at ON Partners. “Increasing fears due to the coronavirus are expected to dampen hiring in this year’s first quarter, which is historically the strongest period for new hiring.”
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