Those who are lucky enough to work in fields that allow them to do their jobs remotely are likely to have Slack ($WORK) open all day as they keep in contact with coworkers. The app, which "brings the team together, wherever [they] are" is quickly becoming one of the most important remote-work tools, perhaps second only to email, as companies look to get things done as workforces are stuck at home during the Coronavirus pandemic.
Investors are aware of this, too: the stock is up nearly 17% as of writing today, but down nearly 60% from 52-week highs: this after a protracted slump since the company went public that had some analysts writing the company off.
But Slack is moving bullishly forward, launching a redesign this week and hiring more than ever. Last month, we saw early signs of this hiring spree with a focus on engineering talent. At the time, the company had 210 openings. By March 7, it listed 245 openings — a 17% jump in openings in a month that's seeing many companies do just the opposite.
In recent days, a good portion of the new jobs appear to be in the company's "Enterprise Account Executives" group, in a sign that the company is grabbing the opportunity to lock down new clients that are scrambling to keep things moving as teams work from home.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.
Further Reading:
- Slack goes on first hiring spree since DPO with focus on Product Engineers
- Amazon announces an unprecedented hiring binge - here's where the delivery giant is staffing up
- Slack must fight off an army of workforce management unicorns
