According to the number of advertised openings in the biotech sector appearing in online job databases, the pace of hiring in the first quarter of 2012 has significantly overtaken the last quarter of 2011. Monster.com reportedly had 493 openings at the 25 largest biotechnology companies as compared to 264 available at the end of 2011. Still, several major pharmaceutical and life sciences companies have apparently indicated they will be restructuring and reducing their work forces to save millions in overhead in the next few years. See Nature Biotechnology, May 2012.