Intel, AMD and Nvidia will focus on retaining existing talent rather than filling vacancies
As the global macroeconomic situation becomes more severe, inflation intensifies, and the continued impact of the COVID-19 epidemic, uncertainties will increase in the coming period of time. Many technology companies have begun to choose to slow down the pace of recruiting new employees, and some companies have even started laying off employees.
According to Planet 3DNow!, through tracking and statistics of job postings at Intel, AMD and Nvidia, it was found that the three industry giants are offering fewer open jobs. Since July 30, the number of jobs offered has decreased by 9%, 4%, and 18% respectively. If you move the time forward to May 7, Intel and Nvidia have decreased by 58% and 68%, and AMD is basically unchanged.
At least from the perspective of recent performance, AMD really has no urgency for layoffs. Since it is in a rising period, it even needs to guarantee the number of recruits to ensure the next stage of development. Last month, it was reported that AMD expanded its CPU R&D team, and it plans to build a new design center in New York, USA, to enhance its R&D strength. Compared with the 4% reduction in open recruitment positions last week, it is likely that it is just filling the past vacancies, which is a normal operation.
Judging from the data, Nvidia has contracted the most, reducing more than two-thirds of its open job postings compared to three months ago. In fact, in May, there were reports of Nvidia holding off on hiring and raising the bar during interviews. Nvidia admits it is slowing the pace of integrating new employees and focusing its budget on caring for existing employees.
With Intel’s second-quarter 2022 revenue plummeting, it may soon make hiring adjustments as well. Of course, Intel is building a series of new semiconductor facilities, which will require more manpower and guarantee the number of open job openings to a certain extent.
All three companies will almost certainly shift their recruiting and management strategies, opting more to retain existing talent rather than recruit more new employees.