We’ve got more reports of turbulence for the Airline industry as major manufacturers continue to pull back on new hires. Plus: the latest Meta job cuts may be just beginning and PPG’s cost-cutting layoffs were signaled months ahead in LinkUp data.
This Week in Jobs Data:
Boeing, Airbus, Meta, Tesla…
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This week, we’ve got more reports of turbulence for the Airline industry as major manufacturers continue to pull back on new hires.
Plus: the latest Meta job cuts may be just beginning and PPG’s cost-cutting layoffs were signaled months ahead in LinkUp data.
And read to the end for the latest labor demand trends at Tesla, Coca-Cola, Boeing, and Amazon, all with earnings calls coming next week.
Have an excellent weekend!
- Tom
Top Story:
Carriers and manufacturers slash jobs as airline industry falters
The air transport business is charting a nose dive as manufacturers grapple with safety concerns & strikes, and carriers face slowed demand.
Active Jobs down~30% across Scheduled Air Transportation Industry since 2022
Compass graphs below show listings down and closed duration up at the plane manufacturer in the midst of a strike and ongoing legal battles. Nearly 400 job openings were removed by Boeing on a single day last month, signaling the layoffs to be announced this week. From the start of the year, the average time-to-hire for a Boeing job was roughly a month; as of this week, it’s passed 40 days. This increase in duration is consistent with the slower hiring activity of a company in triage mode.
Job listings at Boeing’s lead competitor, Airbus, are also down YTD—by over 60%.
Boeing Daily Active Listings down 75% YTD
Boeing Closed Duration up 10 days YTD, indicating hiring slowdown
Meta has reportedly begun another installment of layoffs at properties WhatsApp, Instagram, and Reality Labs to align with “strategic priorities.” Though the cuts appear to be minimal so far, LinkUp data shows a dramatic removal of job openings over the course of the last three weeks without the addition of new jobs. Hiring pullbacks as stark as this are often indicative of larger cuts to come.
The openings most significantly impacted are for software developers and research scientists.
Meta Daily Active Listings down 60% since June
Meta Occupational Detail shows largest dip in Computer roles
After selling off their architectural-coatings business in the U.S. and Canada to P.E. firm American Industrial Partners, PPG announced 1,800 layoffs to reduce costs in the wake of divestitures. LinkUp data shows a significant pullback in active listings beginning in August at the paint and coatings manufacturer.
PPG Daily Active Listings down 25% since March
Before the Earnings Call:
LinkUp is highlighting recent hiring trends at four companies set to report earnings next week. The data below is meant to provide additional insight ahead of official reports, and not to stand alone as an indicator of earnings results.
Every day, LinkUp indexes millions of job listings directly from more than 67,000 employer websites. In aggregate, this data tells the story of company health over time, strategic approaches to growth, signals of distress, and in-demand skills.
