PM Hires Down 18% Since 2023 While Postings Up 77%; Banks Out-Hire Meta
aakashgupta · x · 2026-11-15
Aakash Gupta partnered with Live Data Technologies (tracking actual job changes across 126M professional profiles), Levels.fyi, and a 276-response reader survey for a 2026 PM hiring and pay report:
- Top hirers: Amazon made 691 outside PM hires worldwide in 12 months, Google 507, then Capital One (486) and Microsoft; JPMorgan Chase and Mastercard both beat Meta (256), with Visa just behind Walmart — four of the top ten are banks or payment networks
- Postings vs. hires divergence: since 2023, PM job postings are up 77% (TrueUp shows 7,267 open PM jobs at tech companies this month), but actual hires are down 18% — judging the market by postings alone is misleading
- Capital One's count was inflated by unusually large May-June 2025 hiring; excluding those months it hired slightly fewer PMs than the year before
- The full report is paid content with compensation breakdowns and survey data
Related event: Banks Lead Product Manager Hiring as Capital One Outrecruits Meta(2 posts)→
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