Summer hiring continues its typical slowdown this week, with 2,200 new postings across our tracked companies. While this is up slightly from the significant 4th of July drop, it is still well below what we saw in the winter and spring.

Overall, we saw over 2,200 jobs posted, with Medtronic (331 new postings) leading, followed by Johnson and Johnson (327 new postings) and AbbVie (248 new postings).

Post-IPO Hiring: Caris Ramps Commercial Team

Not everyone has cut back on hiring. Following their June 18th IPO, Caris is clearly focused on their go to market, with a big hiring push for "Liquid Product Manager" roles throughout the country. The roles are remote but regional, and salaries are listed as $150-$180k.

Caris is definitely in a GTM phase, with over 70% of new roles in the commercial space.

Compare that with Verily Life Sciences, a google subsidiary, who recently posted a tranche of software/IT jobs focused on their platform. Verily and Caris are both tech/data focused companies so I made a comparison page for them.

What this means for recruiters: After an IPO, be ready to fill commercial focused roles as newly public companies prepare for earnings calls and SEC disclosures. For private companies who recently raised money, the story is likely different, but I will explore that in a future post.

Management vs. Individual Contributor Roles

• Overall Split: 46.1% management vs 53.9% individual contributor positions
• Volume: 1,045 management roles posted (+12.4% from previous week)
• Management Focus: Moderna leads with 80.6% management roles
• Senior: 1,367 jobs (90.6% of total) (+7.9% from last week)

So still a strong focus on senior roles, but a slight shift to IC hiring.

That's all for this week, thanks for reading!