The most important decisions a company makes are related to headcount.
In fact, +70% of all dollars spent at SaaS companies are on headcount. Therefore, hiring is a leading indicator of future topline growth (or contraction).
In other words, headcount tells you where the puck is going.
Here at Mostly metrics we track the headcount patterns of 334 technology companies on a monthly basis across 60 data points. 105 are currently publicly listed and 229 are currently privately held.
In this post we’ll cover the top signals coming out of our August 2023 headcount data. Like this…
Of the 348 companies we cover, only 6 grew their total headcount by 3% or more for 3 consecutive months (June, July, August).
TL;DR: What you’ll find in this report:
Digital Ocean and AirBnB grew headcount the most within our public company cohort, adding 4% month-over-month
Expensify and Alteryx decreased headcount the most with our Public company cohort, cutting staff by 3% month-over-month
Deel, Wiz and Cohere all increased headcount by at least 10% month-over-month, leaders within our Pre-IPO cohort
Hopin, which was acquired by RingCentral, made the deepest cuts within our Pre-IPO cohort
Cloudflare, BlackBaud, and Dropbox have the most open roles (on a relative basis) among our Public company cohort
Checkr is looking to grow it’s existing headcount more than 30% based on open roles
OpenAI’s headcount growth is actually accelerating after hitting 1,000 total employees.
And more…including select AI and HR industry trends, as well as GTM specific capacity patterns.
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