• Job postings declined in Q2 2022 after an increase in the previous quarter. Active jobs declined by 1% in Q2 2022, while closures rose 9% compared to the previous quarter.
• Technology themes such as ‘Cloud’, ‘Big Data’ and ‘Digital Media’ posted and closed more jobs in Q2 2022 over Q1 2022.
• Retail and technology sectors posted a high number of jobs, while the automotive sector had the highest sequential growth.

After a rise in the latter half of Q1 2022, job postings globally declined by 1% in Q2 2022, while closures rose 9% compared to the previous quarter, according to GlobalData’s Job Analytics Database.

According to the leading data and analytics company’s latest report, ‘Global Hiring Activity – Trends & Signals Q2 2022’, the two sectors that posted a high number of jobs were retail and technology, while the automotive sector had the highest sequential growth.

Sherla Sripada, business fundamentals analyst at GlobalData, said: “There was a slowdown in global hiring activity in Q2 2022 as companies considered hiring freezes and layoffs. For instance, Novartis announced that it was cutting up to 8,000 jobs globally, while Airbnb laid off 60 employees when it announced its exit from China. PepsiCo also laid off 78 of its employees following the closure of its Illinois R&D facility.”

The technology, construction and healthcare sectors had high job postings and higher job closures. Ericsson and Wipro were among the top hirers in terms of change in job postings and closures in Q2 2022 compared to the previous quarter, GlobalData said. Construction firms Cushman & Wakefield and Actividades de Construccion were among the top hirers during the same period.