I am on LinkedIn Premium and noticed an interesting trend in hiring and employee growth.
Facebook hit peak employees in October 2019 and now shows a decline in total employee count. This makes sense because the rate at which they hire dramatically decreased. Their new head count beginning Nov 2019 decreased by at least 50% in most cases. Compared to Jan 2018, FB hired nearly 80% less in Nov 2019.
Still growing though headcount is lower in Jan 2020 than Dec 2019. Hiring started declining in October and then took a big 50%+ drop in November.
Netflix
Hit peak employees Oct 2019 and has declined 2% in 6 months. Hiring declined in Oct 2019 and then fell off a cliff beginning November. Compared to average hiring rate, we're talking about an 80%ish decline in hiring going back 2 years.
Microsoft
Hit peak employees Nov 2019 and has now declined though up on a 6 month basis. However, hiring is trend declining, about a 50% drop to average in Dec 2019.
Random or have they communicated over something in their hiring moving forward? Strange as they are big drivers of this bull market and cycle.
Thoughts?
Submitted January 16, 2020 at 05:47PM by PuzzleheadedEscape5 https://ift.tt/2u7JUNo
