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American corporation Microchip Technology Inc., a producer of mixed-signal microcontrollers, has faced a challenging few quarters due to sluggish demand from automotive customers amid economic uncertainty. On December 2, the company lowered its third-quarter revenue forecast and announced the closure of its wafer manufacturing facility in Arizona. Shares have declined 35% over the past 12 months. Job openings have also been significantly affected: after gradually reducing vacancies throughout the year, the company cut 70.7% of open positions on October 24. While the number has since grown slightly, it remains 68.8% lower than at the same time last year. #labormarket #jobs

Last week, California-based software company ServiceTitan had a market debut in which its shares rose about 42% compared to the IPO price of $71, giving the firm a valuation of nearly $9 billion. ServiceTitan sold 8.8 million shares in the IPO, raising about $625 million. The company is a player in software development serving the heating, ventilation, and air-conditioning sectors. The number of job openings at ServiceTitan has been rising in recent months and is up 70% year-over-year. The company currently has two vice president positions open, as well as multiple engineering, customer management, and sales roles. Contact us to explore how job vacancy trends offer valuable insights into company performance and growth strategies. #LaborMarketTrends #Jobs #jobmarket #ServiceTitan

Nike is scheduled to release second fiscal quarter earnings results on Thursday, December 19, after market close. In recent years, the iconic footwear brand has seen trendy competitors like On and Hoka slowly eat away at its market share. The company also pulled back from relationships with key partners, including Dillard’s, Urban Outfitters, and Zappos, under the previous CEO John Donahoe. He was replaced this October by Nike veteran Elliot Hill, who now faces the challenge of leading a major turnaround at one of the world's largest consumer companies. Nike’s shares are down 36% over the last 12 months. On the jobs front, the number of job openings at Nike is up 14% compared to the same period last year, although this year’s seasonal peak of 1,426 job openings on November 3 is lower than last year’s peak of 1,517 on October 24, 2023. #Jobs #FootwearIndustry #LaborMarket #Nike

The number of job vacancies at American payments firm Fiserv has dropped by 95% over the past year, decreasing from slightly more than 1,000 open positions a year ago to less than 60 now. This decrease in the number of job openings happened despite the fact that on October 22, Fiserv raised its annual profit forecast, buoyed by strong consumer spending, which has contributed to higher-than-expected earnings in each quarter this year. #LaborMarketInsights

December UK Labor Market Update: Insights You Can’t Miss At the close of 2024, the UK job market shows a mixed bag of challenges and resilience. Here’s what our latest UK Monthly Labor Market Update reveals: 🔻 Vacancy Trends: • UK vacancies are down 14.3% YoY—a sharper decline compared to the US (-7.7%), Germany (-1.9%), and France (-12.1%). • From November to December alone, vacancies dropped 3.8%, equating to 18,000 fewer jobs. 💼 Bright Spot: UK Financial Sector Despite the broader decline, financial sector jobs are up 3.37% YoY, signaling sustained demand for roles like: • Auditor • Mortgage Officer • Sales Representative • Insurance Underwriter • Risk Manager 📈 Company Insights: Job listings continue to act as an early signal of company growth: • OCS Group Holdings Ltd. vacancies surged 150% in two months, linked to its acquisition of Exclusive Services Group. • City & County Healthcare Group steadily added 1,000+ vacancies from April to December, driven by care assistant roles. 🏙️ Spotlight on Birmingham: While vacancies in the UK dropped 14.3% YoY, Birmingham saw a more modest 5.1% decrease, with 7,833 open roles. 💡 What This Means for You: These insights can help you adapt your hiring strategies, identify growth areas, and stay competitive in a shifting market. 📩 Read the full update below. What trends are you seeing in your industry? Let’s discuss this in the comments! #UKJobs #LabourMarketTrends #HiringInsights

AI chip startup Tenstorrent with ambitions of taking on Nvidia is quickly increasing its hiring efforts: weekly number of job openings is up from 38 in February to 117 last week. The company is primarily seeking various types of engineers, who, according to job listings, can expect compensation ranging from $100K to $500K. It also currently has 15 intern roles open, with a salary range of $50–$70 per hour. This week Tenstorrent was valued at $2.6B as it raised $700M in a Series D round, led by South Korea’s AFW Partners and Samsung Securities. Jeff Bezos’s investment firm Bezos Expeditions, Fidelity, Baillie Gifford and other companies also joined in that financing. Tenstorrent hopes to create a chip to try and break Nvidia’s dominance on the AI business. It plans to release a new AI processor every two years. Contact us to stay ahead of job market trends. #AIChips #Tenstorrent #TechInnovation #JobMarket

📢 Big News from Aspen Technology Labs! We’re thrilled to announce the expansion of our U.S. operations with two incredible additions to our leadership team: ➡️ Ethan Bloomfield joins as Chief Growth Officer, bringing decades of expertise in talent technology, strategic growth, and sales innovation. ➡️ Steve Marsden steps in as Senior Vice President of Business Development, renowned for his client-centric strategies and partnership expertise. Their combined vision and leadership mark a pivotal moment in our journey to revolutionize the talent acquisition and job board industries. Together, they’ll drive growth, enhance our world-class data aggregation solutions, and empower clients to leverage labor market intelligence like never before. As Mike Woodrow, our founder and president, shares: “This moment marks the beginning of an exciting new phase for Aspen Tech Labs. Ethan and Steve’s experience and drive will empower us to achieve our ambitious goals and continue transforming how data is leveraged in talent acquisition.” Join us in welcoming Ethan and Steve to the Aspen family! Learn more about how we’re shaping the future of recruitment tech in the post below. #LeadershipAnnouncement #Innovation #RecruitmentTech #TalentAcquisition #Growth https://lnkd.in/drHiG5DV

Apple's number of job openings has grown steadily over the last two months. Year-to-date, openings are up 9.3%, rising from 4,567 in January to 4,991 today. Its stock price is up 23% this year. The technology giant’s business model is changing: Apple has traditionally focused on making hardware improvements to each new generation of its smartphones, whereas now AI software is the big selling point for the latest iPhones. A company that for some time has been seen as the AI laggard is gradually introducing AI features unavailable in older iPhones, sparking optimism that consumers will upgrade. The number of AI-related roles at Apple is on the rise, with 375 positions currently open. Stay ahead of the curve—track how job growth and innovation are reshaping tech leaders like Apple. #Apple #JobMarket #AIInnovation #TechTrends

On December 2, once-dominant U.S. chipmaker Intel Corporation, which has fallen behind rivals like Nvidia, announced that its CEO Pat Gelsinger has been fired. He will be replaced by Chief Financial Officer David Zinsner and Executive Vice-President Michelle Johnston Holthaus, who will serve as interim CEOs. Gelsinger was more than three years into a five-year plan to reestablish Intel as a chipmaking leader, but his strategy faced increasing pressure. Over the past year, Intel’s share price has dropped more than 40%, and its market capitalization has fallen to $103.7 billion. In stark contrast, Nvidia’s market cap stands at $3.35 trillion. In August Intel announced that as a part of a turnaround plan it would fire more than 15% of its workforce (approximately 17,500 people). This also led to a sharp decline in job openings, which began in April and accelerated in June. However, after hitting a low of 172 job listings on October 23, Intel has shown signs of recovery, with openings increasing to 350 as of today. Follow us to get more insights about hiring trends at major companies worldwide. #Intel #Semiconductors #JobMarket #TechTrends

As we gather to celebrate Thanksgiving, we want to take a moment to express our heartfelt gratitude to our incredible partners, customers, and followers. Thank you for trusting Aspen Tech Labs and for being part of our journey. Your support drives us to reach new heights every day. Wishing you and your loved ones a Happy Thanksgiving filled with warmth, joy, and togetherness. 🦃🍂 #Thanksgiving #Gratitude #ThankYou