June 12, 2024


Sapiens Digital

What’s up With the Job Market

3 min read


Hey, I’m glad you’re here. I’m Jordan Parker Erb, reporting to you from New York. If you’re a tech worker, you may not have to panic about the job market just yet. I’ll get into this, and more, below. 

Shall we?

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Four employees walking with laptops in their hands while someone is walking away with a box in the distance in a computer tech world

Tyler Le/Insider

1. Tech workers, take a deep breath. The job market is still going strong. Senior correspondent Aki Ito writes that despite Silicon Valley layoffs in recent months, tech companies are still looking to hire workers — and doling out big checks to land top talent.

  • To see where things stand (and how worried everyone should be) Aki scoured data and spoke with recruiters, and found no reason to panic: Data shows that while openings for some jobs, like software developers, have indeed leveled off, they’re not declining.
  • And although thousands have lost their tech jobs this quarter, recruiters said candidates are still getting offers — just fewer than they were before. 
  • About a third of employers on recruiting platform Laskie have paused or slowed hiring, but the rest are still filling roles at a frenzied clip. Think of it as going from once-in-a-generation amazing to just plain old great, Aki writes.

Why you shouldn’t worry too much about a tech meltdown. 

In other news:

Elon Musk.

Andrew Kelly/Reuters

2. Elon Musk will attend a Twitter all-hands meeting on Thursday. Musk’s appearance at the meeting will be his first time fielding questions from staff since he announced his $44 billion takeover of the company. Here’s what we know so far.

3. Departing Amazon exec Dave Clark’s replacement may be… no one. Since announcing his resignation, company insiders have speculated that Amazon could scrap Clark’s role and instead have three retail and operations chiefs report directly to CEO Andy Jassy. Why Amazon might nix his position altogether.

4. Experts said that Google bot isn’t sentient, just programmed to sound “real.” Seven experts said it’s unlikely, if not impossible, that the chatbot has come to life, a claim made by one of Google’s senior engineers. Experts weigh in on whether the AI-powered bot is “alive.”

5. WeWorks are dead. Libraries could be their replacement. Local libraries could be able to replace what the office (and more recently, WeWork) has traditionally provided: watercooler conversations, an escape from the house, and access to business services. Inside the library’s comeback story.

6. Amazon will start making Prime deliveries by drone later this year. Prime customers in California could soon have their packages dropped off in their backyard by a drone, the company announced. Everything we know so far.

7. Leaked memo: Amazon could halt its corporate communications team’s hiring and budget growth. Amazon’s Global Corporate Affairs group, which also includes its public policy and lobbying arms, is expecting to halt headcount and budget growth for 2023, according to an internal note viewed by Insider. What we learned from the memo.

8. Binance, the world’s largest crypto exchange, is hiring for more than 2,000 roles. It comes as many crypto exchanges are downsizing. Crypto.com said it will lay off 260 employees, while BlockFi also announced that it’s cutting 20% of its 850 employees due to a “dramatic shift in macroeconomic conditions.” Here’s the latest.

Odds and ends:

The 3D printed home among trees and a blue sky.

3DCP Group

9. A startup 3D printed a 400-square-foot home in five weeks. Danish startup 3DCP Group just unveiled the tiny home, which has drawn visitors from countries like the US, Singapore, Australia, and Guatemala. Take a look inside the home, named the House 1.0.

10. We listed the cheapest electric cars you can buy in 2022. From the Nissan Leaf to Ford’s F-150 Lightning, these 10 cars (with some coming in at under $20,000) are helping drivers make the jump to an electric vehicle without breaking the bank. See which EVs made the cut.

What we’re watching today:

  • Metaverse festival MET AMS starts today in Amsterdam.
  • CIO’s Future of Work Summit is kicking off today.
  • Forbes Magazine is publishing its annual list of America’s Self-Made Women.
  • TechCrunch Sessions: Climate event is happening today.
  • Reuters is hosting its Auto Tech 2022 event.

Keep updated with the latest tech news throughout your day by checking out The Refresh from Insider, a dynamic audio news brief from the Insider newsroom. Listen here.

Curated by Jordan Parker Erb in New York. (Feedback or tips? Email [email protected] or tweet @jordanparkererb.) Edited by Hallam Bullock (tweet @hallam_bullock) in London.


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