May 10, 2023
Reboot of software hiring?

We are seeing a sharp turn-around in engineering job postings at Google and Meta in the past few months.  Is it a blip or sign of something bigger?

Google job postings by week top three job types.

Meta job postings by week top three job types.

This seems to buck the trend of the sector, which is below pre-COVID levels and appears to be heading further down.

Software development sector job postings indexed to pre-COVID.

In addition, Google and Meta appear to be retrenching to their larger home and hub offices, a trend we've observed from a number of companies.

Google job postings by week, top three locations.

Meta job postings by week, top three locations.

Amidst the thousands of layoffs and cost cutting, perhaps this signals the very beginnings of a recovery in engineering hiring, or perhaps it's related to AI, or...?

Roland Pan
Senior Managing Director, Rubicon Point Partners