Bay Area outpaces New York and Boston, according to latest report from ON Partners
CLEVELAND, OH – November 15, 2018 – ON Partners, the results-driven retained executive search firm, today announced the results of its Digital Jobs Index for the third quarter of 2018. While hiring cooled slightly in Boston and New York over the last quarter, the Bay Area showed a marked improvement in hiring.
After a somewhat sluggish start to the year, hiring in the Bay Area has consistently been heating up during 2018. Q3 was a very strong quarter for the region, which saw digital headcount increase by 4.5% to approximately 233,000 employees. New York City finished the quarter with almost 77,000 digital employees and a gain of 3.0%, while Boston ended with close to 64,000 digital employees and a 1.9% increase.
While a few companies trimmed their staffs in Q3, headcount increases were otherwise strong across the board. The largest gains came from stalwarts such as Google, Amazon, Facebook, Apple and Wayfair. Other notable headcount increases in each city included Airbnb, Slack and Credit Karma in the Bay Area; Oscar Health, Lyft and Rent The Runway in New York; and Circle, Salsify and Fuze in Boston.
“Tech hiring remains remarkably strong, though we’ve seen a few large companies trimming their headcounts during the year,” noted John Barrett, partner at ON Partners. “Oracle, IBM, GE Digital, Oath, Akamai, Pandora and Kaspersky in particular have been reducing their number of employees.”
Full results of the survey are published below.
QUARTERLY EMPLOYMENT CHANGE IN DIGITAL JOBS (%)
Q3 COMPANIES WITH INCREASING HEADCOUNT (%)
Third Quarter 2018 results from ON Partners’ Digital Jobs Index:
Approximately 1,210 jobs added for a 1.9% gain
Top 10 companies showing largest headcount gains in Boston include:
- Endurance International
Other Boston area companies showing notable gains in headcount:
- Definitive Healthcare
- Quick Base
New York City data:
Approximately 2,210 jobs added for a 3.0% gain
Top 10 companies showing largest headcount gains in New York City include:
Other New York City area companies showing notable gains in headcount:
- Oscar Health
- Rent The Runway
- Group Nine Media
Bay Area data:
Approximately 10,030 jobs added for a 4.5% gain
Top 10 companies showing largest headcount gains in the Bay Area include:
Other Bay Area companies showing notable gains in headcount:
- Credit Karma
- Sumo Logic
ON Partners identified the leading 100 software and internet companies in Boston, New York City and the Bay Area. When considering a company’s eligibility to be included in the top 100, ON Partners looks at the number of local employees in each city, employment growth and importance to the local technology community. The Digital Jobs Index represents the quarterly headcount change in LinkedIn among those 100 companies in each metropolitan area within a 50 mile radius. ON Partners’ Digital Jobs Index is current as of September 30, 2018.
About ON Partners
ON Partners recruits game-changing executives for world-changing companies. ON Partners was founded in 2006 by like-minded executive search professionals desiring to establish a more client centric alternative to the large multi-service global firms they were leaving behind. Growing quickly ever since, we have recently been named to the INC 500/5000 List and as one of the Top 25 Retained Executive Search Firms in the U.S. Specializing in recruiting C-suite, Board and Vice President/Senior Management talent, our Partners have a long successful track record of building world class management teams across broad industries. For more information, visit www.onpartners.com.