Hiring broadened, and for the first time, concentration eased.

Active hiring rose from 117 roles across 21 companies to 121 roles across 23 companies. The top four employers now account for about 50% of openings, down from ~55% last week.

The Hiring Index increased from 160.5 to 171.5, while the Expansion Rate rose from 17.9% to 19.7%. The median roles per hiring company fell from 4.0 to 3.0, pointing to growth driven by participation rather than deeper posting per firm.

What Changed

The shift this week was not just more hiring, but redistribution.

More companies entered the market, while several mid-sized employers moved into the top tier. This was not a leader-driven expansion. It was a rebalancing of where demand sits.

  • 17 roles were added and 13 were removed, for a net gain of +4.

  • The top of the market is still led by Spellbook and CoLab, but the 3, 4 and 5 slots are now a tighter cluster across Kraken, PAL, and trophi.ai.

Most of the net gain came from the edge and the middle:

  • PAL Aerospace expanded from 6 roles to 9, adding more operational and aerospace-adjacent demand.

  • Avalon Holographics added two roles, including an FPGA posting that reinforces the applied hardware signal.

  • Milk Moovement, ClearRisk and HeyOrca joined the active set.

  • Kraken and Verafin each reduced or filled 3 postings.

  • Sequence Bio exited the active role set.

This was not a leader-driven expansion. It was a redistribution.

Market Structure

Hiring is larger than last week, but still uneven.

  • 121 active roles across 23 hiring companies

  • 13 scaling companies (3+ roles), up from 12

  • Top two share: 40 roles (~33%)

  • Top four share: 61 roles (~50%)

All net growth this week came from execution and support roles.

Core hiring (engineering, sales, product) held flat overall, while operations, customer success, and finance accounted for nearly all net new demand.

This is the clearest shift in the dataset so far: the market is expanding without deeper core hiring.

Selected Roles

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