As layoffs mount, which EU companies are currently hiring?

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_By Amanda Kavanagh
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Last week, when HyperSocial CEO Braden Wallake announced layoffs at his company, he posted a tearful selfie on LinkedIn. It was met with mixed reactions, to say the least.

Because his organization specializes in optimizing social engagement, some have viewed it as a cheap ploy.

Others said the CEO was focusing on himself rather than his employees, while a number of people sympathized with this rare display of vulnerability in the corporate space.

Layoffs aren’t easy on anyone, but they’re especially hard on employees, and sadly every week more and more companies are announcing cost-cutting measures.

While tech start-ups are particularly affected, layoffs are also commonplace in scale-ups and more established organizations.

Job cuts

Consider these multinational names: Peloton cuts 800 jobs while Meditation Calm app lays off 20% of its workforce.

Warby Parker is getting rid of 15% of its workforce. Hootsuite is laying off 30% of its employees, or about 300 people. Trading app Robinhood is laying off 23% of its staff. Soundcloud cut 20% of its workforce.

Groupon reduced by 15%, Change.org by 19%, Shopify by 10% and MasterClass by 20%.

Many European start-ups are suffering hard knocks. Used car retailer Cazoo is cutting its workforce by 15%, affecting 750 jobs.

Grocery delivery services Getir and Gorillas are dropping 4,500 roles and 300 roles respectively, while Zapp is losing 10% of its team.

Domestika, the lockdown’s favorite online educator, has laid off 150 employees.

And the announcements follow. Layoffs.fyi is a live data source that tracks all tech layoffs, and according to its database, 520 start-ups announced layoffs this year, affecting 7,0671 employees.

After years of huge investments in tech companies, interest rates are rising and big funding announcements are slowing. Add to that the pressures of war in Ukraine, supply chain disruption and rising inflation, and companies are now making tough decisions.

Many venture capital-backed companies are preparing for a future investment crunch by refocusing on sustainable profitability, reducing burn rates, pulling out of certain markets, freezing hiring, reorganizing and, of course, by announcing major layoffs.

What does this mean for job seekers?

For starters, there’s a lot more competition for roles right now, so contestants really need to go above and beyond to stand out from the crowd.

However, the massive layoffs also mean that organizations currently hiring are likely still doing so with a clear, long-term strategic rationale behind every hire. We talk a lot more about “essential hiring”, which indicates a certain stability.

While there are no guarantees in such an unpredictable market, job seekers can take comfort in this more cautious hiring approach. Plus, with hybrid and remote work options now more common, job seekers can expand their network.

here are three of Euronews.jobs begin.

Account Executive Dutch/Swedish Remote, PayPal

Location: Amsterdam, Netherlands or remotely

PayPal is looking for a Executive account to drive revenue growth by selling its products directly to fast-growing merchants in Northern Europe. By providing a value-based selling proposition to decision makers, the successful candidate will navigate all aspects of the B2B sales process.

Fluency in English is essential, while a second language is desirable. Proven experience in an inside sales role is required, as is proficiency in Salesforce.

PayPal’s remote work policy is currently under review, but all hiring, onboarding training and initial work for this role will be done remotely. The company offers a flexible work environment, employee stock options, health insurance and life insurance.

Learn more about the Executive account role.

Machine Learning Engineer, Ericsson

Location: Paris, France

To focus on the latest technology for AI automation, security, 5G and 6G, Ericsson is developing its R&D and Innovation center in Paris. The mobile technology innovator is looking for a machine learning engineer to join his Network Automation group and create robust and intelligent automation applications.

The successful candidate will participate in software development for cloud-native automation applications with machine learning components, contribute to high-quality, rapid AI applications, and collaborate with product developers and partners to industrialize models. machine learning.

In addition to a relevant MSc, you will need strong skills in linear/logistic regression, bagging, Bayesian modeling, neural networks, random forest, gradient boosting, hyperparameter optimization techniques, etc. Plus, a proven track record in state-of-the-art machine learning frameworks, data engineering, and processing technologies.

See more about this machine learning engineer position.

Marketing Specialist Brand Licensing, Villeroy & Boch AG

Location: Mettlach, Germany

Recognized for their exceptional quality and design, Villeroy and Boch manufactures dining tableware and bathroom ceramics, as well as an extensive catalog of lifestyle and homeware products. The German manufacturer is recruiting a Marketing Specialist Brand Licensing for its global headquarters in Mettlach, near Trier.

This role will provide operational support to licensing partners for setting up and developing central brand licensing. There’s also a creative side to the role: you’ll support the creation and coordination of marketing and PR strategies with licensing partners, and participate in innovation briefings and market launches.

You must have a degree in economics or comparable business training and speak German and English.

Get more details about this exciting role of Brand Licensing Marketing Specialist.

Want to see who else is hiring in Europe? Check Euronews.jobs, set up alerts and bookmark the link for regular check-ins

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