All articles tagged with #hiring decline
Originally Published 4 months ago — by Business Insider
Tech job postings have decreased by 35% since early 2020, with a significant drop after the pandemic and ChatGPT's release, though demand for AI and machine learning roles remains high. Junior positions now require more experience, and certain roles like SAP are still profitable, reflecting shifts in the tech employment landscape.
Originally Published 2 years ago — by Above the Law
Biglaw firms in the US are reducing the number of first-year associates they hire, with the average number of new hires down by nearly 17% among Am Law 100 firms and 25% among Am Law 200 firms. Midsize firms also brought in 9% fewer first-year associates. This decline in hiring is part of cost-cutting measures to maintain profitability, as overall law firm direct expenses increased by over 6% in Q3 2023. However, there is still a strong lateral market for experienced attorneys.