The Blubber

Per CNBC

With the recent disruption in the tech sector, after massive layoffs of multiple companies, JPMorgan Chase reportedly received more than 8,000 applications on Handshake, a networking platform, since 2023 alone.

This was reportedly a 74% increase from the number of total applications in 2022 for tech. It was also reported that larger companies like JPMorgan Chase and Fidelity Investments were hosting more online job fairs and other recruiting events.

These recruiting events included on-campus initiatives, which saw an increase this year compared to previous years. This was according to Handshake chief education strategy officer Christine Cruzvergara.

Handshake was reportedly a platform that served over 13 million college students.

In February, it was reported that software engineering and data science job listings were down by 24% from the initial 27% in 2022. Bloomberg said that this was largely to do with the layoffs in the industry.

During that time, Bloomberg identified professionals losing their jobs at Amazon, Meta, Twitter, Redfin, and more.

In April, it was reported that 42% of general workers gained a job through nepotism. Specifically, it was found that 70% of Gen Z had a job from nepotism.

The study included the US, UK, France, Germany, India, Singapore, Spain, Soouth Afrika, Mainland China, and Brazil.

See flow at unusualwhales.com/flow.

Other News:

• Software engineering and data science job listings are down 24% and 27% from last year
• 42% of general workers gained a job through nepotism, whereas those in Gen Z, 70% had a job from nepotism

Resources:

CNBC