Between stock market losses and disappointing results, the technology sector has been suffering for several months. Some of the industry is laying off staff or slowing down recruiting. This is the case for startups according to a new report from NGP Capital. The trend is dizzying in Europe, but less serious in France.
The firm has thus scrutinized more than 11,000 companies and draws a clear conclusion: the number of job offers fell by 41% between January and June.
A slowdown linked in part to the summer, corresponding to the month of June, but the trend remains strong. All countries are affected. Germany and Sweden drop 60%, while the European champion of the sector, the United Kingdom, suffers a drop of 38%…
France is doing better than its neighbors
Only France is taking the hit, down just 9%, thanks to strong fundraising early in the year, a less degraded investment climate and hiring tensions.
In Europe all kinds of jobs suffer, but the sales sector is the most affected. Startups with BtoC models are also more affected, as are series A and B… In these stages, they need to develop but still lack revenue and are therefore more fragile.
The technology sector is experiencing the gradual exit of the pandemic. the giants Meta and Google have slowed their hiring, when Netflix or Shopify fired. According to the specialized site Layoffs, in 2022 63,000 employees have already been laid off.
Source: BFM TV
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