44 companies report layoffs; large tech companies continue hiring new talent


The Coronavirus pandemic has affected the workforce at large. Companies across the globe are suffering from a drop in revenue. A crowdsourced data suggests that 267 companies have frozen hiring while 44 have laid off their employees.

Candor, the company that helps employees negotiate salaries has crowdsourced data from 400 companies. The data includes new tips submitted from job seekers, employees, recruiters, and venture capitalists (VCs). Out of data of 400 companies, 60% or 267 have confirmed freezing hiring. Candidates have reported 36 companies rescinding the job offers. 44 companies have laid off their workforce.

On the other hand, 111 companies have reported active hiring. The hiring continues only for essential roles. The video conferencing company, Zoom is actively hiring new resources. Other tech companies have reported hiring include Twitter, Twilio, Roblox, TikTok, Qualcomm, Twitch, PUBG, Palantir, Paypal, Nvidia, Medtronic, Northrop Grumman, eBay, Lockheed Martin, Doordash, Amazon, and DocuSign.

Candor isa platform that sources data from clients who are experiencing the situation on the ground. The platform helps tech professionals negotiate their salary. The company has crowdsourced this list from employees at the businesses in question. The company is reviewing submissions via intercom, email, and airtable, assuring that most of the data is accurate.

Tech companies operating in the travel and transport sector are most affected. All the top travel booking platforms including Kayak, Booking.com, and Expedia have suspended hiring. Uber and Lyft have frozen the headcount but they continue to fill already open positions. Companies like Bird, Expedia, Mondee, Sonder, and Knotel have confirmed layoffs.

Business software industry is still hiring new employees. Financial services and consumer software are the next largest industries with 22 and 14 companies still hiring. The large tech companies like Facebook, Google, Amazon continue to hire new employees.



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