Trailing-12-month hiring pace, indexed to FY2019 (=100)

Line chart tracking trailing 12-month hiring pace across core business functions indexed to FY2019 for Tech Majors and Early-Stage Startups from Q4 2019 to Q4 2025. By Q4 2025, Early-Stage Startups reached 96% of baseline hiring pace while Tech Majors stood at 75%.
| Label | Value shown on the chart |
|---|---|
| Early-Stage Startups (Q4 2025) | 96% |
| Tech Majors (Q4 2025) | 75% |
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