Elevate your enterprise data technology and strategy at Transform 2021.
COVID-19 has taken a toll on the workforce, and you can now see a list of who’s hiring, freezing hires, laying people off, and rescinding job offers, according to crowdsourced data from Candor, a company that helps tech workers negotiate salaries. In a matter of hours, the list of more than 400 companies posted in the past day went viral, with hundreds of new tips submitted from job seekers, employees, recruiters, and VCs.
So far, the company has received reports from about 400 companies, and 267, or 60%, said they were implementing hiring freezes. Candidates reported having job offers rescinded in 36 cases (18%) while layoffs occurred in 44 companies (13%). [Update: The list now includes more than 1,000 companies].
The good news: 111 companies are hiring. But 10% of those still hiring have implemented some kind of hiring freeze, laid off people, or had offers rescinded. That’s likely because hiring only continues for essential roles. It’s no surprise that Zoom, the video conferencing company, is hiring people. Twitch, Twitter, Twilio, Roblox, TikTok, Qualcomm, PUBG, Paypal, Palantir, Nvidia, Northrop Grumman, Medtronic, Lockheed Martin, eBay, Doordash, DocuSign, and Amazon are among those hiring.
Candor is crowdsourcing this list directly from employees at the businesses in question, and wherever possible confirming reports or adjusting them after talking with company representatives. The firm is reviewing submissions via Intercom, Airtable, and email, prompted by contacts via its live chart. In some ways, this is more accurate, as many companies aren’t announcing their moves.
Candor helps tech professionals negotiate their salary. A lot of this data is sourced directly from clients who are experiencing the situation live on the ground. Candor cofounder and chief technology officer David Chouinard put the list together to help bring transparency to the state of the job market.
Business software is the largest category of submissions (81 submissions), with 41 hiring freezes, representing 52% of companies in this industry.
The travel, hospitality, and transportation segment was particularly hard hit, with 95% of companies freezing hiring. Only two companies, Bolt and Cruise, report they are still hiring. All booking platforms — like Kayak, Expedia, and Booking.com — have suspended hiring. Uber and Lyft have a headcount freeze but continue to backfill already open positions. And 12 companies — like Bird, Expedia, Sonder, Mondee, and Knotel — have confirmed layoffs.
All job search companies have hiring on hold — including LinkedIn, Indeed, and Glassdoor.
Consulting companies seem to be strongly affected — PwC, Oliver Wyman, Deloitte, and EY have reported hiring freezes. In automotive, all six reporting companies, including Tesla and Cox Automotive, have reports of a hiring freeze.
In media and entertainment, seven companies, including Netflix, Hulu, and Disney, are putting roles on hold. Only 46% of companies continue to hire. And in food and dining, 25% of 12 companies are still hiring. Doordash and Instacart report strong hiring. Meanwhile, ZeroCater, Deliveroo, and Snackpass have frozen hiring.
The business software industry has 34 companies (41%) still hiring, the largest category. Financial services and consumer software were the next largest industries, with 22 and 14 companies still hiring, respectively.
As for the big tech companies, Facebook announced in a recent internal Q&A that the company plans to continue hiring. However, it is canceling interviews for internships. Some Apple employees are starting to report hiring freezes. Amazon is on a hiring spree, as its business model is more resilient in the current climate. Amazon’s physical store teams are not currently hiring. Google is continuing to hire across all of its divisions.
[Updated 3/28/20 3 p.m. Pacific: Added new info on more than 500 companies. Updated again 3/29/20 at 10:48 a.m. with 1,000 companies.]
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more