Live Data Technologies

I wrote a LinkedIn post last week saying that Bloomberg doesn’t tend to rehire people. Jason Saltzman wondered: Is that true? What I love most about the Internet is people like Jason. Jason never worked at Bloomberg. He doesn’t know anyone who works there. He doesn’t have particular knowledge about the company. He lives 2,889 miles away in Santa Barbara. He’s just a curious guy who happens to be sitting on a mountain of employment data. A former professional cyclist who now works as the director of growth at Live Data Technologies, a startup that monitors 90 million white collar workers in America, he searched for people who worked at Bloomberg, left and then returned. It turns out that during the past three decades about 110 people out of the 28,000 former and current Bloomberg employees that Live Data Technologies tracks met that criteria. (That cohort may miss a few, but it's a large sample.) Unsolicited, Jason sent me a chart with the cheeky title: “Can You be a Bloomber(an)g Employee?” I cannot tell you how much joy it brought me when it arrived unnanounced. There is a difference between knowing a thing that you believe to be true and knowing a thing that is backed up by hard data. So, on the one hand, the couple of Bloomberg employees who sent me DMs last week saying I was wrong and that Bloomberg DOES in fact rehire people. You are right! On the other hand, that number is pretty small, especially considering some people returned when Bloomberg made acquisitions, such as Business Week. And the detail is extraordinary. Jason can tell you who all those people are and where they worked in between leaving and coming back. A close examination of Jason’s scatter plot shows that something did change about 2014, the year Mike Bloomberg returned to run the company after spending a dozen years as the mayor of New York. The lesson here isn’t really about Bloomberg. It’s about the growing availability of data, especially information that can be derived from other sources without the consent or involvement of a company. One of the big secular trends we are seeing in the world is that companies are losing control of the ability to dictate a narrative about their business. That’s because data about their rates of growth or headcount or practically any other metric can increasingly be derived by companies such as Live Data Technologies. Live Data Technologies sells its data to investors such as VCs, private equity firms and quant funds. It also provides information to CRMs, talent platforms and HR teams. Jason calls the data they collect “digital exhaust.” It’s a wonderfully evocative term. And it’s one that we are going to hear about more and more often.

We launched a new VC portfolio tracker powered by the Live Data API to show how simple it is to build analytics tools: https://lnkd.in/g4CNXk4Z What data would you want to see in the tracker? Portfolio alums in stealth? Top talent prospects? To learn how it was built, check out the article below, where I break down my tool stack. Reach out with any questions, or to add your portfolio. Building interfaces without deep tech skills is fast and cheap; I encourage you to try!

Leading into Black Friday and the holiday season, we explored the relationship between eComm expertise and eComm website visit conversion. Paring Similarweb's conversion data and the latest job change data we see that a 6% drop in website visit conversion in 2023 coincided with a 6% YoY drop in employment for eComm professionals. More companies have shed more eComm talent this year. What will the impact be to conversion as eComm companies face a tougher market and shed more eComm talent in 2024? Is eComm conversion success and eComm pro employment a chicken and egg problem? #data #ecomm #ecommerce

Scoreboard Nvidia: 2,680 | Intel: 535 How much of Nvidia's success has been driven by the same people who contributed to Intel's former greatness? In the last decade, Nvidia has poached thousands of employees from Intel as the once-great chipmaker continues to flail. Intel alumni make up almost 10% of Nvidia's current employees – the most out of any previous company (for comparison ~3% of Nvidia's current employees are Qualcomm alumni). The two companies represent the extremes of the AI-driven chip craze. As Nvidia continues to grow and Intel continues to struggle, how many more Intel employees will upgrade to Nvidia? As Intel looks to right its ship, will they be able to recruit the right talent to do so? #chips #nvidia #intel #AI P.S. Credit to Jared Bochner who prompted me to run this analysis. If you have an insight or analysis you're interest in, drop a comment or shoot me a DM.

What do the latest data on job changes and job postings suggest ahead of Apple's Q3 earnings? The TLDR: AI = in, hardware (Vision) = out #data #earnings #AAPL #apple

🚨 BREAKING: State of the Design Job Market 2024. Biggest surprises and takeaways: 1. Increased Demand for Designers I was surprised to see that UX design roles have grown by 29.2% since 2019, reflecting a strong demand for user experience professionals. Companies prioritize user experience more than ever, leading to a wealth of opportunities for skilled professionals in this area. This trend is likely to continue as software become increasingly central to business strategies. 2. Emphasis on Soft Skills It was eye-opening to learn that employers are increasingly valuing soft skills alongside technical abilities. With 67.9% of designers securing new roles within three months in 2019 dropping to 49.5% in 2024, effective communication and collaboration are becoming critical differentiators in a competitive market. This shift highlights the need for designers to cultivate interpersonal skills to stand out. 3. Rise of Freelance Opportunities The growth of freelance work in the design sector caught my attention as well, with many designers opting for flexible gigs that allow for varied experiences. This trend suggests that traditional employment models may evolve, allowing designers to take control of their career paths. The report indicates that companies outside traditional tech, like JPMorgan hiring 62 UX designers, are also ramping up their investment in design talent. 4. Opportunities Beyond Big Tech Companies I found it fascinating that industries outside of traditional tech are ramping up their investment in UX design, with sectors like finance and healthcare recognizing its value. Notably, JPMorgan has hired 62 UX designers, surpassing some tech companies in their recruitment efforts. This encourages me to broaden my job search beyond just tech companies for exciting opportunities. 5. Landing Roles Takes Longer Lastly, I was surprised to discover that many designers are experiencing longer job searches than in previous years, with the percentage of designers finding new roles within three months dropping from 67.9% in 2019 to 49.5% in 2024. This decline highlights that designers are taking longer to land new positions due to increased competition and selectivity among employers. Patience and persistence are essential in navigating today’s job market challenges. Shoutout to Chris Abad for guest posting on this entire report. 🔖 You can read more in today's newsletter (link below).

Which data roles are growing the fastest? Live Data on the state of data jobs out this week 📅 #data #jobs

Where are some of the hottest AI companies hiring software engineers from? Here's some data from this week's The Pragmatic Engineer deepdive: Data from Live Data Technologies, based on tracking job movements of tech professionals between companies. See the full report here: https://lnkd.in/eAh24zb4

Hot off the presses! 📰 Live Data Technologies powering the cover story in this month's Inc. Magazine

Off the back of CoS Connect, we're releasing the most in-depth report on the state of CoS jobs ever, based on thousands of individuals: https://lnkd.in/gqMCGnVJ Learn about common geographies, average tenure in the role, time to find a new role, and net gain / loss of CoS jobs by year, and much more! Massive shoutout to our friend Jason Saltzman and the team at Live Data Technologies for making this happen with us! #chiefofstaff #jobs #data