HomeTechnologyAI Hiring Increases Despite Overall Dropoff in Tech Recruitment

AI Hiring Increases Despite Overall Dropoff in Tech Recruitment

Hiring in artificial intelligence-relates (AI) roles continues to prove strong despite an overall dropoff in tech recruitment this year. 216,910 tech employees have been retrenched this year, up from 164,709 for the entirety of last year, data from Layoffs.fyi data revealed.

“It’s like there are two stories playing out in Silicon Valley at the same time,” Jonathan Siddharth, CEO and founder of tech talent platform Turing observed. Turing’s clients include corporations such as Walt Disney Co. and Johnson & Johnson.

“Story number one – the good times are over from 2021, and we all have to be more efficient in the way we hire and scale. Story number two is that everyone’s excited about AI” Siddharth continued.

Data from Comprehensive.io indicated that senior software engineers specializing in AI are on average earning 12% more than those who don’t specialize in AI.

Josh Hendler, Vice President, Network at Schmidt Futures, observed that industry demand is particularly high for AI and machine learning (ML) engineers who large language models.

Home Sales Plummeted in August According to Pending Data

Pending home sales for August were down 7.1% from the previous month, data from the National Association of Realtors revealed. This far outpaces the...

Stocks Fall After the Release of GDP Data

U.S. stocks declined on Thursday as investors digested the latest round of GDP data. Estimates on Thursday showed that the U.S. economy's GDP for...

Hyundai and Kia Recall Over 3 Million Vehicles Due to Fire Risk

Hyundai and Kia are in the process of recalling over 3.4 million vehicles in the United States due to a fire risk. Both automakers...