These 7 S’pore tech corporations are nonetheless hiring regardless of rampant layoffs

This yr has been exceptionally difficult for each giant tech corporations and top-tier startups.

These corporations have gone from raking in big earnings throughout the pandemic to huge losses, with seven of the largest tech corporations dropping at the least $3 trillion in market capitalization prior to now yr as of October.

Market cap technology giants
Picture credit score: CNBC

Throughout the pandemic, these corporations have flourished as a result of shift to digitization, which has led them to rent and increase unsustainably.

Now that the mud has settled and existence have considerably returned to their pre-pandemic methods, these corporations try to chop their losses by implementing mass layoffs and hiring freezes. This yr thus far, 850 tech corporations have laid off 137,159 workers.

Whether or not you are impressed by the latest tech layoffs or are searching for a brand new yr job change, here is a take a look at among the Singaporean tech corporations at present hiring:

1. Clever

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Beforehand referred to as TransferWise, Clever operates a cross-border funds community for customers and companies.

In October, the worldwide funds firm introduced it will enhance its ambitions in Asia and deliberate to double its headcount in Singapore to greater than 400 workers by the top of the yr.

By way of this enlargement, Clever goals to have its Singapore workplace characterize 10% of its world workforce, which has grown to greater than 4,000 workers in 17 nations.

The corporate additionally operates in Australia, the US, the UK, Switzerland, the European Financial Space, Japan and Malaysia.

At present, the agency has over 295 vacant positions worldwide in accordance with its profession website, and round 30 of those are primarily based in Singapore. Roles in Singapore embrace developer roles, finance roles and HR roles amongst others

2. Binance

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The latest buzz across the FTX crash and the crypto layoffs by and Coinbase present that these crypto corporations are badly affected by the present “crypto winter”.

Regardless of the difficult panorama, Binance CEO Changpeng Zhao (CZ) stays optimistic in regards to the cryptocurrency market, as he says the sector will recuperate and recuperate rapidly. Due to this fact, the corporate has been hiring aggressively for the previous six months.

The CEO tweeted on Monday that the corporate will improve its headcount from greater than 7,400 to eight,000 by the top of this yr.

binance cz takes over twitter
CZ tweets about Binance headcount improve / Picture credit score: Screengrab by Vulcan Submit

The CEO additionally highlighted his earlier tweet in early June, by which he mentioned the corporate was seeking to improve its headcount by 2,000. The June tweet got here shortly after Coinbase introduced it will lay off 18% of its workforce that very same month.

Binance at present has 664 vacancies listed on its profession web page, and 73 of those openings are primarily based in Singapore. These embrace roles in divisions encompassing enterprise growth, knowledge and analysis, engineering, finance and operations, amongst others.

3. TikTok and ByteDance

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Picture Credit score: Digital Entrance Web page

With over 1.5 billion month-to-month energetic customers in Q3 2022, TikTok has turn out to be an integral a part of standard tradition. In truth, the app is now the go-to search engine for Gen Z, changing the ever present Google.

Amid high-profile tech layoffs, TikTok CEO Shou Zi Chew reiterated the corporate is doing nicely and can proceed to recruit regardless of the financial downturn throughout the Bloomberg New Economic system Discussion board in Singapore.

“We have all the time been extra cautious when it comes to hiring,” he advised the convention. “At this stage of our development, I feel our tempo, our cadence of hiring is correct for us.”

TikTok’s profession web page lists a whopping 4340 vacant roles globally and 887 of these are primarily based in Singapore. In the meantime, its dad or mum firm ByteDance can also be aggressively hiring, with over 377 Singapore-based roles vacant.

4. Lazzada

Picture credit score: Lazada

Whereas main e-commerce platforms like Shopee are hit onerous by the financial downturn, Lazada has no plans for layoffs and remains to be actively hiring throughout its markets, CEO James Dong mentioned.

In line with his profession web page, Lazada has a number of job alternatives in Singapore, and so they largely span throughout its industrial, knowledge and intelligence divisions in addition to its know-how divisions.

In early April, the Southeast Asian on-line market, owned by Chinese language e-commerce large Alibaba, opened its 11-story headquarters in Singapore.

Its headquarters can accommodate groups from Singapore and the area, and workers from numerous departments, from builders to advertising and marketing, are all below one roof. Outfitted with wellness and recreation zones, the Lazada headquarters goals to supply a conductive workspace for all its workers.

5. Tomb

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In September, Seize chief working officer Alex Hungate advised Reuters that Seize was “very cautious and even handed about any hires” because it was involved a couple of doable recession earlier this yr.

Because of this, Seize has not needed to resort to “determined” measures similar to implementing a hiring freeze or mass layoffs.

Seize is at present hiring selectively, whereas holding again its monetary service ambitions. His profession web page lists 480 positions out there, practically 1 / 4 of that are primarily based in Singapore.

The corporate raised its 2022 income forecast every week in the past, posting a powerful third-quarter efficiency, “reflecting its accelerated path to profitability.”

Seize’s revenues elevated 143% year-over-year (YoY) and its loss for the quarter additionally narrowed to S$342 million, a 65% year-on-year enchancment.

Moreover, its meals and grocery supply enterprise additionally exceeded firm expectations by three-quarters.

6. Circles. Life
Picture Credit score: Circles.Life by way of Fb

Singaporean digital telecom agency Circles World has been shaking up the telecom sector since its launch in 2016, taking up main gamers like Singtel, M1 and StarHub.

As a part of its ambition to turn out to be the primary trillion-dollar world Software program-as-a-Service (SaaS) firm, the corporate launched its Circles-X R&D middle in Singapore in early February, which brings collectively three components that Circles considers necessary to be key to its future plans: cutting-edge know-how made in Singapore, native expertise and market expertise from Circles’ operations within the Asia-Pacific area.

The Circles-X R&D middle housed 265 workers when it was first launched and was anticipated to create 120 jobs in Singapore within the ICT subject, significantly in software program engineering, cyber safety, synthetic intelligence ( AI) and extra.

In line with the corporate’s job board, there are at present 67 open jobs, and 24 of these are in its ICT division.

Along with launching its R&D middle, Circles.Life was additionally in early talks to merge with US-listed Bridgetown Holdings, backed by billionaires Peter Thiel and Richard Li in July.

7. Physician in every single place

Doctor everywhere
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Native telehealth supplier Physician Anyplace, which first began as a non-profit facet undertaking in 2016, connects its customers to a big pool of normal practitioners, specialists and like-minded healthcare professionals inside its app.

By way of the app, customers can seek the advice of a licensed native physician anytime, anyplace, and get medicines delivered to their houses throughout the hour.

In early January, the corporate unveiled its new workplace house that occupies your complete fortieth flooring penthouse unit of mTower and spans practically 15,000 sq. ft.

Along with the launch of the brand new Physician Anyplace workplace, the corporate additionally introduced its plans to increase its workforce by 50%, including over 200 roles because it continues to increase its enterprise.

The corporate has listed a variety of Singapore-based jobs on its job board, and a few of these embrace roles in know-how and finance.

Final November, Physician Anyplace additionally acquired Thailand’s largest telehealth platform, Physician Raksa, for an undisclosed sum.

Featured Picture Credit score: Clever/ Binance/ Seize/ Nick Barclay@The Verge