A recently released report by data and analytics company GlobalData reveals the latest cloud, AI, and big data hiring trends over the second quarter of 2024.
The report, Global Hiring Activity – Trends & Signals Q2 2024, reveals that the global hiring activity (posted jobs) was positive during the second quarter of 2024 with job postings increasing 7.3% year-on-year. RTX, Cargill, LVMH, JPMorgan Chase, and Marriott International were among the top recruiters during the quarter, while layoffs occurred at Google, Nestle, Ford, NIKE, Amazon, and Walmart.
However, travel and tourism, food service, and retailing saw significant year-on-year growth in job postings during the quarter. Key technology themes driving hiring trends included cloud, artificial intelligence, big data, cybersecurity, and ecommerce.
“Companies were looking for people with experience in machine learning hardware platforms, AI solutions, smart robotics trial, and AI capabilities,” said GlobalData Business Fundamentals Analyst Sherla Sriprada. “GenAI has seen a significant rise in demand for talent since April 2023. The US and India were hotspots in Q2 2024. GenAI is finding applications for next-generation products and services across industries.”
Countries trending with high job postings and year-on-year growth in the 2024 second quarter include Brazil, India, and China. Banking, payments, and business and consumer services witnessed increased job postings, registering growth in Q2 2024 compared to Q2 2023.
Meanwhile, colocation services and vertical-specific and packaged applications were the key technology skills trending with high year-on-year growth in job postings. The knowledge of AI platforms continued to be among the key skills companies sought during the second quarter.
“Q2 2024 demonstrates the global job market’s resilience, with job postings increasing despite notable layoffs,” said Sriprada. “The growing demand for skills in AI, cloud computing, and cybersecurity signals a strong move towards digital transformation. As travel and tourism, and retail sectors continue to grow, the emphasis on tech-savvy talent is set to influence the future of global employment.”
