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Upwork:Quarterly Results/2023 Q1: Difference between revisions
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* Contract-to-hire roles rose from 46k to 56k during the quarter. | * Contract-to-hire roles rose from 46k to 56k during the quarter. | ||
* Jobs from clients that have 10+ hires have been growing steadily between January 21 to April 1 (growth of 13%) indicating that the industry may be picking up. | * Jobs from clients that have 10+ hires have been growing steadily between January 21 to April 1 (growth of 13%) indicating that the industry may be picking up. | ||
== Insights from Competitors == | |||
=== CGI Group === | |||
CGI survey of 1,750 executives from government and corporate agencies finds that<ref>https://seekingalpha.com/article/4596866-cgi-inc-gib-q2-2023-earnings-call-transcript</ref>: | |||
* Clients main focus now is prioritizing investments and returns. | |||
* Given the rising pressure on profitability, several clients "indicated their willingness to outsource the portion of their IT landscape as a managed service over the next three years." | |||
* Over half of exucitives interviewed said they plan "to sustain or increase their overall IT services spending over the next year." | |||
* 84% of clients said they are still having difficulty hiring IT talents. | |||
== Other Insights == | == Other Insights == | ||