If you just left Microsoft, Netflix, eBay or American Express, the obvious next move is to apply to the next logo that looks like the last one. The August JOLTS data, released September 29, says that's where hiring is thinnest: worksites with 5,000+ employees posted nearly three openings for every hire, while 50- to 249-person sites hired close to one person per opening. A new target list helps, but you also need a resume that reads like you owned the work, because at a small shop the founder or a VP is often the one reading it.
Which companies are actually hiring in 2026?
Small and mid-size worksites are doing most of the hiring. In August 2026, sites with 50 to 249 employees made about 1.55 million hires against 1.77 million openings. Sites with 5,000+ employees made somewhere between 82,000 and 91,000 hires against roughly 243,000 openings.
JOLTS (the Job Openings and Labor Turnover Survey) is the Bureau of Labor Statistics' monthly count of openings, hires, quits and layoffs. Across the economy, August had 7,079,000 openings and 5,192,000 hires, or 1.36 openings per hire. Openings per hire is the number of open jobs on the last business day of the month divided by the hires made that month. The higher it is, the more postings sit open compared with seats actually filled.
| August 2026, private sector | Openings | Hires | Openings per hire |
|---|---|---|---|
| 10-49 employee sites | 1,961K | 1,663K | 1.18 |
| 50-249 employee sites | 1,765K | 1,549K | 1.14 |
| 5,000+ employee sites | 243-244K | 82-91K | 2.68-2.96 |
| Finance and insurance | 353K | 110K | 3.21 |
| Information | 123K | 44K | 2.80 |
The 5,000+ row is a range because the sources disagree. Noon's reading of BLS Table 7 gives giant sites a 1.9% hires rate on 82K hires. BLS's own release table may show 2.1% for preliminary August, with 1.9% being the August 2025 figure. The rate also swings from month to month: 1.9 in May 2026, 2.7 in June. September's numbers are due November 3. Under either reading, the gap is large.
Noon's figure. BLS's release table implies closer to 2.7. Sites with 50 to 249 employees ran at 1.14, close to one hire for every opening.
Raw volume matters more than the rate. For every hire at a giant site in August, mid-size sites made roughly 17 to 19. A big-name posting gets the most applications and fills the fewest seats.
A lot of that mid-size hiring looks like backfill. ADP chief economist Nela Richardson put it this way: "Small and large employers are hiring, but we're seeing softness in the middle." Healthy hires per opening with flat net growth points to replacement hiring. Someone left and the manager wants a person who can take over the work without a long ramp-up. Write for that seat: wherever you've actually used the tools the posting names, list them the way the posting spells them.
JOLTS hires rate by company size is really by worksite size
JOLTS doesn't report hiring by company size. It reports by establishment size, and an establishment is a single physical worksite: one office, one warehouse, one clinic. BLS also publishes size-class data only for the private sector as a whole.
So a 120-person Amazon office lands in the 50-249 bucket next to a 120-person startup. "Big employer" in this data means a big building, not a big brand.
That makes the advice more useful than "avoid big companies." What it really says is "target small teams," and all of these count:
- Early-stage startups, where the whole company is one small team.
- Satellite and regional offices of large companies, where a handful of people cover a function locally.
- Independent companies with 10 to 249 people at a site, the two size classes running close to one hire per opening (1.18 and 1.14).
All three read your resume the same way. There are fewer layers between your application and the person who needs the work done, and that person wants to know what you can carry by yourself.
Why finance and tech openings sit unfilled
Finance and information have the widest gaps between openings and hires because almost nobody in those sectors is quitting, so employers can leave a seat open and wait for a passive candidate. In August, finance and insurance ran a 5.0% openings rate against a 1.7% hires rate. Information ran 4.3% against 1.6%.
Quits were 1.0% in finance and 1.1% in information. When so few people leave, hiring managers aren't under pressure to backfill, so they can be picky. Finance went from 1.77 openings per hire in August 2025 to 3.21 in August 2026. The postings are real. The urgency to fill them isn't.
October's layoffs are now sending experienced people into exactly those slow pipelines:
- American Express: cutting 5% of its workforce, about 3,500 people.
- eBay: cutting 1,000.
- Netflix: cuts concentrated in tech, legal and HR.
- Microsoft: voluntary exit packages offered to roughly 60,000 employees. CPO Amy Coleman said the 4,800 cut roles "are not being replaced by AI."
- Across tech: TrueUp counted 196,349 people affected by layoffs in 2026 as of October 23.
The announced cuts at Amex, Microsoft, eBay and Netflix add up to about 10,300 roles. Those are global figures, so treat this as rough. It's still more than a tenth of a full month of hires at 5,000+ sites, all competing for the same seats.
This is what a job search after big tech layoffs looks like. You send a resume that says "ex-Amex, senior, cross-functional" into a queue full of resumes that say the same thing, and a hiring manager in no hurry reads it. Most of the time you can't tell whether a person ever saw yours.
If you stay in those pipelines, the only thing that separates you from other applicants with the same logo is scope you personally owned. That turns out to be what small shops screen for too.
What does a small-team hiring manager read for?
A small employer reads for ownership: someone who can carry a scope from start to finish without the support a big company provides. The reader is often the founder or VP you'd report to.
Refolk's index of professional profiles shows how rare that framing is. In the US, 4,477 people currently hold the title "Founding Engineer," compared with 182,712 "Senior Software Engineers." That's about 41 senior engineers for every founding engineer, so founding titles are roughly 2.4% of the senior IC pool.
Compared with 182,712 Senior Software Engineers, about 41 to 1.
In a 25-profile sample of founding engineers, every employer was an early-stage startup, including Navier AI, Erebor, Bounti.ai, Stellar Sleep, RevHawk and Sazabi, and at least 9 of the 25 were in the SF Bay Area. The senior SWE sample was mixed: Meta, Google and Datadog alongside Encamp, Justworks and August Health. With only 25 profiles, read this as an illustration, not a proportion.
Marketing shows the same pattern. Refolk's index lists 6,123 people as "Head of Marketing," a title that at a small company usually means one person runs the whole function. PermitFlow, Cedar, k-ID and Origin Technology are among the employers.
A founder at a 60-person company has no platform team, brand team or ops function to back you up, so every line of your resume gets read against one question: can you do this job without that support? What they look for:
- Scope you owned, as opposed to scope you sat near.
- Things you started from zero or rescued after they broke.
- Tools you ran yourself, not ones another team ran for you.
- Speed, meaning how long it took to get from decision to shipped.
- Range into neighboring functions when nobody else was there to cover them.
A big-company resume usually leaves all five out. That isn't because you lacked them. Big-company writing habits give the credit to the team and the process.
How to tailor a resume for a startup without inventing anything
Keep the same history and change what each line gives you credit for: from the team to you, from the system to the outcome, from the process to the decision. Nothing new gets added. You're just showing work that big-company phrasing hid.
- Open each role with one line of owned scope. For example, "Owned checkout reliability for the EU storefront" before any bullets.
- Turn "partnered with" into what you decided. A founder can't hire a partnership. They can hire someone who made a call.
- Name the scrappy parts. The script you wrote because no tool existed, or the spreadsheet that turned into the team's system. At a small shop that's often the most relevant thing you did.
- Cut org-chart language. "Matrixed," "stakeholder alignment" and "drove consensus across orgs" tell a 50-person company that you need a 5,000-person company around you.
- Make the logo smaller and the work bigger. "Netflix" is what gets your resume opened. What you did there is what gets you the call.
- Show range in your skills section. List the adjacent tools you actually used, like analytics for an engineer or SQL for a marketer, because small teams need people who stretch.
Here's how the same work reads on a resume for a small company vs a big company:
| Big-company phrasing | Small-team phrasing |
|---|---|
| Partnered with platform team to improve deploy pipeline | Rebuilt the deploy pipeline when the platform team was reassigned |
| Supported launch of new pricing tier | Ran pricing tier launch: copy, page, email, post-launch analysis |
| Contributed to vendor evaluation | Picked and set up the vendor, then owned the contract |
| Drove alignment across stakeholders | Made the call, wrote it up, shipped it |
The catch is that the same person might also apply to a bank requisition that wants the first column's keywords, so you end up keeping two or three versions of your resume. That rewriting is the work Refolk takes off your plate. It builds the resume from your own history, then you paste a posting and get it back rewritten for that specific posting. The founder at a 60-person company sees owned scope, and the enterprise ATS sees the terms it's filtering on, without either version making anything up.
The trade-off: smaller shops pay less
Yes, smaller employers usually pay less, and the difference is meaningful. ADP's April 2026 data showed annual pay growth of 2.5% at firms with 1 to 19 employees, compared with 4.7% to 4.8% at firms with 500 or more.
Those same small firms create the most jobs. ADP found that companies with fewer than 20 employees created more than 525,000 jobs in 2025, more than any other size group. The hiring is happening where raises are smaller.
What you get in return is scope: a title like "Head of Marketing" or "Founding Engineer," a function you run instead of a slice of one, and a resume line that will matter at your next job. Some ways to handle it:
- Set your pay floor before the first call, so the scope pitch doesn't argue you below it.
- Negotiate title and scope when cash is fixed.
- Include small offices of big companies in your search. Per the JOLTS definition above, they count as small teams, but they sit inside 500+ firms, the group with the faster pay growth in ADP's data.
FAQ
Does JOLTS show the hires rate by company size?
No. JOLTS reports by establishment size, meaning a single worksite. It doesn't report by company size. A 120-person office of a huge company falls in the 50-249 class next to a 120-person startup. BLS publishes size-class data only for the private sector as a whole, so you can't break it down by industry and size together.
Should I stop applying to big companies after a layoff?
No, but rebalance. In August, finance ran 3.21 openings per hire and information ran 2.80, and October's cuts are adding thousands of similar applicants to those queues. Keep a few big-company applications that fit you closely, and send most of your volume to small teams, including satellite offices of large firms. Check September's JOLTS release on November 3 before you change course again.
Is a founding or "Head of" title worth the pay cut?
It can be, as long as you go in knowing the trade. Pay growth at the smallest firms runs about half the rate at large ones, 2.5% vs 4.7% to 4.8% in ADP's April 2026 data. What you get back is owned scope and a rare title. Refolk's index shows only 4,477 US founding engineers next to 182,712 senior software engineers. Set your pay floor first, then decide whether the scope is worth it to you.