The global technology industry experienced an 11% drop in new job postings related to cloud in Q3 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 37% decrease versus Q3 2022. GlobalData’s Technology: Hiring Trends & Signals Q3 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the technology industry, facilitating anticipation of future workforce needs. Buy the report here.
Notably, Computer and Mathematical Occupations jobs accounted for a 42% share of the global technology industry’s cloud-related total new job postings in Q3 2023, down 14% over the prior quarter.
Computer and Mathematical Occupations drive cloud-related hiring activity
Computer and Mathematical Occupations, with a share of 42%, emerged as the top cloud-related job roles within the technology industry in Q3 2023, with new job postings drop by 14% quarter-on-quarter. Management Occupations came in second with a share of 14% in Q3 2023, with new job postings dropping by 11% over the previous quarter.
The other prominent cloud roles include Sales and Related Occupations with a 7% share in Q3 2023, Architecture and Engineering Occupations with a 4% share of new job postings.
Top five companies in technology industry accounted for 21% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2023 were International Business Machines, SAP, Accenture, Microsoft, and Oracle. Together they accounted for a combined share of 21% of all cloud-related new jobs in the technology industry.
International Business Machines posted 5,824 cloud-related new jobs in Q3 2023, SAP 4,128 jobs, Accenture 3,577 jobs, Microsoft 2,437 jobs, and Oracle 2,429 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 41.38% share of total new job postings, Q3 2023
The largest share of cloud-related new job postings in the technology industry in Q3 2023 was in the US with 41.38% followed by India (20.05%) and the UK (3.77%). The share represented by the US was three percentage points higher than the 38.04% share it accounted for in Q2 2023.
For further understanding of GlobalData's Technology: Hiring Trends & Signals Q3 2023, buy the report here.