Join the Offboard Talent List!

In this week’s newsletter:

• 📝 The Offboard Talent List - Get in front of talent acquisition specialists that have partnered with Offboard!

• 🤖 AI Tools for the Job Seeker - ChatGPT rolls out the big guns with plugins

• 📈 Pulse of the Job Market - More layoffs hit tech including LinkedIn, Intel, and Shopify

📝 The Offboard Talent List

With the amount of talented tech workers that are flowing through Offboard, we wanted a way to start connecting them to those looking to fill roles.

Job Seekers

If you're a job seeker eager to meet with recruiters/hiring manager and dive into the first rounds of exciting new opportunities, add your information to our Talent List to opt in.

Being part of the Talent List puts you in front of talent acquisition specialists that have partnered with Offboard, and it will supercharge your chances of a successful placement!

Hiring Managers & Recruiters

Attention Hiring Managers and Recruiters! We have an ever-growing database of highly skilled tech professionals from the industry’s top companies ready to find their next opportunity. To request access to this pool of exceptional talent, sign up below and we will let you know when you can access it!

🤖 AI Tools for the Job Seeker

This was a big week if you happen to be paying for ChatGPT Plus as OpenAI rolled out their plugins functionality for all paid subscribers. This includes a new ‘browsing’ ability which empowers ChatGPT to browse the current state of the internet to generate its answers. Previously, answers could only be generated with information from 2021 and prior.

Notable plugins for the job seeker:

• Ambition: Search millions of jobs near you.

• Golden: Get current factual data on companies from the Golden knowledge graph.

• Upskillr: Build a curriculum for any topic.

📈 Pulse of the Job Market

Layoffs

So far this year, there have been more than 192,000 jobs in the tech sector lost due to layoffs across 661 companies. Here are the latest layoffs from this last week.

1. LinkedIn Cuts Jobs: LinkedIn has announced that it's axing over 700 roles and shutting down its Chinese app, InCareer. The cuts account for 3.5% of LinkedIn's total headcount. Despite the layoffs, LinkedIn reported an 8% revenue growth year-on-year to $3.7 billion.

2. Intel Layoffs: Chip manufacturer Intel has confirmed it will be laying off staff, including potentially up to 20% of the client computing and data center divisions. Intel aims to make $10 billion in savings by 2026 following the largest quarterly loss in its history, with revenue down 36% year-on-year due to a slump in personal computer sales.

3. Novavax Reduction: Biotech company Novavax is reducing its total workforce by around 400 jobs, which is about a quarter of its employees. The company also plans to consolidate operations and cut costs, including reducing R&D spending and slashing its administrative budget.

4. Other Layoffs: Last week, ecommerce platform Shopify reduced its headcount by 20%, impacting approximately 2,300 roles, and Texas-based Sabre, a travel industry software company, announced it would be cutting 15% of jobs to save $200 million annually.

The layoffs in the tech industry are driven by an uncertain economic environment, including inflation and interest rate concerns. As tech companies continue to feel the pinch from sales declines, more layoffs could be on the horizon.

Initial Jobless Claims

The initial jobless claims increased by 22,000 to a seasonally adjusted 264,000 claims. This is a notable rise compared to the previous week and may indicate:

• Increased competition

• A weakening economy

• Decreased hiring