GlobalData has released its latest report, Global Hiring Activity- Trends & Signals Q1 2024. It reveals that the global hiring activity (posted jobs) increased by 31.7% in Q1 2024 compared to the previous quarter and decreased by 4.8% year on year, with several technology themes driving hiring trends.
The first quarter of 2024 saw an increase in global job postings and fewer companies laying people off. However, some major players, like Cisco Systems, Goldman Sachs Group, Microsoft, Citigroup, and X, announced job cuts.
Despite this, technology and communications, retailing, and business and consumer services saw high job postings, posting year-on-year growth during the quarter. Key technology hiring trends during the last quarter included AI, e-commerce, cybersecurity, and cloud.
Cargill, Accenture, and Marriott International were among the top recruiters during the quarter.
“AI job postings saw a rise in Q1 2024 as companies sought experts in automation, ML/AI modeling, software solutions, conversational and generative AI. Technology, communications, and the retail industry witnessed increased job postings, registering growth in Q1 2024 compared to Q1 2023,” said GlobalData Business Analyst Sherla Sriprada.
India, Australia, and the Czech Republic were among the countries trending with high job postings and year-on-year growth in Q1 2024.
Meanwhile, colocation services and vertical-specific and packaged applications were key technology skills trending with high year on year growth in job postings. Demand for jobs with experience in AI platforms continued during Q1 2024.
