7.6 Million Open Jobs — And Companies Are Hiring Fewer People

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Hey there,

Something strange happened this week in the labor market — and it’s either very good news or a very clever trick, depending on how you read the data. Job openings just hit their highest level in two years. And hiring actually fell. Both of those things are true at the same time, and figuring out which one matters more for your job search is exactly what this issue is about.

Today: The JOLTS paradox, AI setting new records for job cuts, and five remote-first companies that are still actively building teams.

In This Issue:

  • 🔥 The Big Story: 7.6 Million Open Jobs — and Fewer Hires
  • Quick Hits: 4 major market movements
  • 🏢 Companies Hiring: 5 remote-first companies actively building
  • 🎯 Career Signal: The “AI operator” divide is here
  • Quick Win: 10 minutes before every application

🔥 The Big Story

The Job Market Just Sent Two Completely Contradictory Signals

The headline. On June 2, 2026, the Bureau of Labor Statistics released its April Job Openings and Labor Turnover Survey — and the number that came out was a genuine surprise. Job openings surged to 7.6 million in April, up 731,000 from March and the highest reading since May 2024. That crushed economists’ estimates of 6.87 million. Nearly all of that surge — 668,000 of the 731,000 increase — came from professional and business services, a category that closely tracks tech, consulting, and finance hiring. It’s the kind of number that usually signals a labor market accelerating.

The bigger picture. Except hiring didn’t accelerate. Hires actually fell to 5.1 million in April, down from 5.6 million in March — the lowest hires total in years. The math looks like this: companies opened more doors, then walked fewer people through them. The ratio of job openings to unemployed workers jumped back above 1:1, which historically reads as a “tight” labor market. But a tight market where fewer people are actually getting hired isn’t a traditional tight market — it’s a selective one. Companies are posting more positions and approving fewer offers. That means more applicants per open role, longer timelines, and stronger screening at every stage.

Why this matters: The JOLTS surge is real and it’s genuinely good news if you’re in professional and business services — that’s where the demand is. But the simultaneous drop in hires means those openings are not converting into job offers at the usual rate. If you’re sending applications and not hearing back, this is the structural context: the market isn’t frozen, it’s just moving much slower between “open” and “filled.”

Source: U.S. Bureau of Labor Statistics — JOLTS April 2026, released June 2, 2026


Stat of the Week

40% → Share of all May 2026 job cuts attributed to AI — the highest monthly percentage ever recorded. Up from just 7% in January and 26% in April, AI-cited cuts hit 38,579 in a single month, meaning AI has already surpassed its full-year 2025 total in just five months. (Challenger, Gray & Christmas, June 4, 2026)


⚡ Quick Hits

Uber Cuts 23% of Its HR Division — and Rescinds Remote Work for Those Who Stay

Uber eliminated roughly 23% of its People and Places division — the team responsible for HR, recruitment, workplace facilities, and culture — in early June, affecting less than 1% of its 34,000-person global workforce. The restructuring was led by newly promoted president Jill Hazelbaker, who had just had HR added to her portfolio three weeks prior. Senior-level positions accounted for a disproportionate share of the cuts. What made this story different from the usual tech-layoff news: remote work arrangements previously granted to HR staff were simultaneously revoked, with those employees now required in office at least three days per week. Uber’s CEO also noted last month that AI coding assistants have hit 95% monthly adoption among its engineers. The takeaway: Even the teams tasked with managing a company’s people are not immune to restructuring — and remote access, once granted, is no longer guaranteed.

See Uber’s investor relations →

AI Caused 40% of May’s Job Cuts — A Record Never Seen Before

The monthly job cuts tracker from outplacement firm Challenger, Gray & Christmas dropped on June 4 with findings that reframe the AI debate entirely. US employers announced 97,006 job cuts in May — up 16% from April, up 3% from a year ago, and the highest May total since the pandemic peak of 2020. For the third consecutive month, AI led all stated reasons, this time at a record 40% share (38,579 cuts). That’s up from 7% in January. The technology sector announced 38,242 cuts in May alone — the worst month for tech since August 2024. So far in 2026, tech has announced 123,653 cuts, up 66% from the same period in 2025. “The labor market is being reshaped by technology in real time,” said Andy Challenger, chief revenue officer of the firm. The takeaway: AI is no longer just a background concern in workforce planning. It’s now the stated reason companies give for cutting jobs more often than market conditions, closings, or restructuring combined.

See the full Challenger report →

Starbucks Is Cutting Its Seattle Tech Staff — While Opening a Nashville Campus

Starbucks filed WARN Act notices indicating layoffs beginning June 20, 2026, targeting corporate technology employees at its Seattle Support Center headquarters. The cuts are permanent and specifically impact the company’s tech function — not retail baristas. CEO Brian Niccol is continuing the “Back to Starbucks” restructuring agenda he launched in late 2024, which has included more than 1,100 corporate layoffs to date. At the same time, Starbucks announced earlier this year that it would open a new corporate hub in Nashville, Tennessee — expanding even as it trims. Cuts in tech at HQ, growth in a lower-cost city. The takeaway: This is a pattern showing up at large consumer companies: cutting legacy corporate functions in high-cost markets while rebuilding elsewhere. If you’re in tech roles at a traditional consumer brand, the risk isn’t just AI — it’s geographic rebalancing too.

See Starbucks SEC 8-K filing (May 15, 2026) →

Pharma Job Cuts Are Up 753% This Year — Gilead Just Filed on 192 Roles

Pharmaceutical companies announced 5,045 job cuts in May, bringing the 2026 year-to-date total to 12,485 — up a staggering 753% from the same period in 2025, according to the Challenger May report. Much of the surge is acquisition-driven: companies are cutting “duplicate” roles after closing deals rather than waiting. Gilead Sciences is the latest example: after completing its $7.8 billion acquisition of Arcellx, Gilead filed WARN notices disclosing 192 layoffs across Arcellx’s Redwood City and Rockville sites — eliminating roughly 92% of the acquired company’s headcount. Cuts begin late June. The takeaway: If you’re in pharma, biotech, or health tech and your employer was recently acquired, check the WARN filings. Acquisition-related cuts are moving faster in 2026 than they ever have.

Check the numbers →


🏢 Companies Hiring

Five companies growing their remote teams right now — not restructuring away from them.

Automattic — 1,447 Team Members in 82 Countries, 100% Distributed Since Founding, Engineering, Support, and Product Roles → Automattic built the company that runs WordPress.com, WooCommerce, Tumblr, Jetpack, and a dozen other products — all with zero central offices. Every Automattician works from wherever they choose, on whatever schedule works for them. They’re currently hiring across engineering, customer support, account management, and partner management roles globally. If you’ve been looking for a company that treats distributed work as a core operating principle rather than a pandemic-era holdover, Automattic is the prototype.

HubSpot — 72% of Employees Based at Home, Remote-First Culture, Hiring Across Sales, Engineering, Marketing, and CS72% of HubSpot’s employees work remotely, full-time. The company’s “Flex Work” policy is built into its culture code, not just an HR policy — impact matters more than where you sit. HubSpot operates the world’s leading CRM platform for growing companies and has over 240,000 customers in 135+ countries. Current openings include senior machine learning engineers, small business account executives, financial analysts, and marketing roles. If you want a remote company that has genuinely scaled culture across a distributed team, HubSpot is consistently at the top of that list.

Shopify — “Digital by Design,” ~8,000 Employees Across 175 Countries, Engineering, Operations, Commercial, and Support Roles → Shopify runs the commerce infrastructure behind $1 trillion+ in merchant sales across 175 countries and has run its “Digital by Design” distributed model for years. Employees do their daily work wherever they work best and drop into one of their “Port” offices for in-person collaboration when it makes sense. Current openings span software engineering, design, product, commercial, finance, and support — available across Americas, UK, Singapore, and beyond. Shopify hires people with high autonomy and builder mentality.

Atlassian — “Team Anywhere” Policy, 10,000+ Employees in 40+ Countries, Engineering, PM, Design, and Marketing RolesAtlassian makes the tools millions of teams use to collaborate — Jira, Confluence, Trello — and runs on a “Team Anywhere” model that lets employees work from home, office, or a combination in virtually any country where Atlassian has a legal entity. Every interview is conducted 100% virtually. They hire distributed engineers, product managers, designers, and marketers, with the explicit understanding that remote isn’t a perk — it’s how they operate.

Deel — 100% Remote, Hiring in 80+ Countries, Open Roles Across Payroll, Engineering, Sales, and HR OperationsDeel runs the HR and payroll infrastructure that lets companies hire across borders — and practices exactly what it sells. The company operates fully remotely with team members in 100+ countries, and is actively hiring across payroll compliance, solutions architecture, engineering, and HR operations roles. Open positions span North America, EMEA, APAC, and LATAM. If you’ve ever wanted to work for a company whose entire product is making distributed work smoother, this is it.

Know someone between jobs? Forward this section — it might be exactly what they need.


🎯 Career Signal

The Challenger data from this week makes one trend impossible to ignore: AI is now the #1 stated reason companies give for cutting jobs, and it’s accelerating. It went from 7% of all cuts in January to 40% in May. But here’s what doesn’t get reported: hiring plans in tech, aerospace, and automotive are still flowing. The people getting hired are the ones sitting at the intersection of domain expertise and AI capability. The “AI operator” — someone who can direct AI tools to produce real business outcomes, not just use them as a novelty — is becoming the most durable role in 2026’s labor market. This isn’t about being a machine learning engineer. It’s about knowing how to get the most out of the tools that are now embedded in every workflow. The gap between people who can do that and people who can’t is widening faster than most job seekers realize.


🧠 Skill-Building Reads

Three free, practical resources worth your time this week.

Microsoft AI Skills Fest — Free AI Training, June 8–12, 2026, with Certification Exam Vouchers Up for Grabs → Microsoft’s AI Skills Fest runs June 8–12 — that’s next week — and it’s one of the most accessible free AI training events running right now. Smart tracks are designed for different roles: executives, developers, IT professionals, data professionals, security professionals, salespeople, marketers, and customer service teams. Completing eligible playlists enters you to win one of 50,000 free Microsoft certification exam vouchers, including GitHub certifications. The early registration deadline is June 8 — which means the window to sign up is this weekend.

Read it →

BLS Occupational Outlook Handbook 2024–34 — The Most Honest Salary and Job Growth Data Available, All Free → The Bureau of Labor Statistics’ Occupational Outlook Handbook covers more than 300 occupations — roughly 80% of all US jobs — and gives you actual projected growth rates, median pay, educational requirements, and what people in each role do day-to-day. It covers the 2024–34 decade, meaning the projections are built to anticipate AI’s impact on employment. If you’re thinking about a career pivot, this is the most grounded place to start — no paywall, no sales pitch, no recruitment angle.

Read it →

Grow with Google — Free AI Courses Built for Real Work, Including a Job Search with AI Track → Google’s Grow with Google AI hub is built for professionals who want to use AI in actual work scenarios — not machine learning theory. The platform includes “AI Essentials” (5 hours), an “AI Professional Certificate” (validated by major US employers), and a dedicated track called “Accelerate Your Job Search with AI” — which is exactly what it sounds like. Google’s own data shows a 108% increase in job postings mentioning AI over the past two years and a 56% wage premium for AI-skilled workers doing the same job as non-AI-skilled counterparts. That’s the return on investment for this kind of upskilling, right there.

Read it →


✅ Quick Win

Spend 10 minutes researching a company’s AI strategy before you apply.

Most job seekers skip this entirely. Here’s why it matters: the Challenger data shows that AI-cited job cuts accelerated from 7% to 40% in five months. Companies citing AI as a reason to cut are restructuring away from traditional roles. Companies actively investing in AI — building it into their products, citing it as a growth driver in earnings calls — are the ones still hiring and promoting. A 10-minute check of a company’s most recent earnings call transcript, investor relations page, or product blog tells you which category they’re in. If AI is a threat to their business model, slow down on that application. If AI is central to their roadmap, you’re looking at a company more likely to be building than cutting.


What we’re watching: The BLS May employment report released this morning — and whether its payroll numbers confirm or cut against the private-sector strength shown earlier this week; how fast the JOLTS job openings surplus converts to actual hires as Q2 closes; and whether the AI-cited cut share plateaus after May’s record 40% or keeps climbing into June.


🎯 Bottom Line

This week’s data lands like a riddle: 7.6 million job openings — the most in two years — with fewer people actually getting hired. Simultaneously, AI-cited job cuts just hit a record 40% of all layoffs in a single month. Both of these things point to the same underlying reality: companies are being extremely intentional about who they bring in and who they let go. The broad shotgun approach to job searching — apply to everything, see what sticks — has never worked less well. The market is rewarding specificity. Target companies building with AI, not ones cutting because of it. Pursue roles where your domain expertise meets new tools. The five companies in this issue are hiring right now, remotely, from wherever you are.

Head to RemoteHunter.com for verified remote roles from companies that are actually building — and use our AI tools to make sure your resume and cover letter signal the kind of fluency employers are sc


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