Local Market Reports

Silicon Valley Quest for Innovative Talent Continues

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What’s New This Quarter How do we know that things are going pretty well these days in Silicon Valley? Because 23 newly minted billionaires told us so: The most recent Forbes list of the richest of the rich found some of the moguls in Silicon Valley are among the world’s youngest, including the co-founders of both Uber and Snapchat. The final numbers from 2014 showed that Silicon Valley’s tech economy continues to boom, with 58,000 new jobs and 42,000 new… continue…

SpaceX, Tech Giants Perk Up Seattle Employment

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What’s New This Quarter Among the more interesting visitors to Seattle in recent months was SpaceX CEO Elon Musk, who showed up in January to outline a space-related business that he wants to build in the area. “SpaceX Seattle” plans to launch 4,000 geosynchronous satellites, a network in space that could deliver high-speed Internet access anywhere on Earth. The satellites will be designed by software and aerospace engineers in SpaceX’s new engineering office in Redmond. Bloomberg reports that SpaceX could… continue…

Hipsters, Media Driving Tech Excitement in NYC

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What’s New This Quarter How cool is Brooklyn? When Etsy, the online marketplace for handmade crafts and hipsterish vintage goods, goes public later this year, its market cap may exceed $2 billion, making it Brooklyn’s most successful tech company (and one of New York City’s biggest tech IPOs yet). It will be a big boost for the local startup scene after other local retail tech players such as Fab and Gilt Groupe have failed to launch. New York’s online media… continue…

DC Is Desperate for STEM, Cybersecurity Pros

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What’s New This Quarter Tech employment in the Washington, D.C. metro area continues to flourish, according to most sources. “We tend to see the market pick up during the first quarter of the year,” said Jennifer Selden, a recruiting director for Randstad Technologies. “This is the time when many companies’ annual budgets are approved and implemented, and any hiring freezes from the prior year are lifted.” That buoyancy extends to the public sector. Take the FBI, for example: Desperate for… continue…

VCs Helping Chicago’s Tech Sector Grow

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What’s New This Quarter Some 155 Chicago tech companies raked in $1.6 billion in tech investments in 2014, according to Built In Chicago. That’s in addition to 34 area companies exiting to the tune of $7 billion, and a number of tech startups enjoying increased funding. “Historically, the coasts have been popular hubs for tech and analytics jobs. However, with many top engineering programs in the Midwest, many tech companies based on the West and East Coasts are opening up… continue…

In Boston, Cloud and Apps Fuel a Hiring Binge

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What’s New This Quarter Well, here’s an interesting problem: Massachusetts has too many tech jobs and not enough tech pros to fill them. According to a March report from the Massachusetts Technology Leadership Council, there are 17 open tech-related jobs for every qualified recent graduate. From 2010 to 2013, Massachusetts technology companies created about 17,650 new jobs, leading to a statewide total of 214,650 technology jobs (up from 197,000 five years ago). Employment in the state’s information sector has surged… continue…

In New York City, West Coast Tech Firms Move In

Posted In Looking in Tech
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What’s New This Quarter New York City’s technology community is as strong as ever in 2015, claims Mike Fitzgerald, a partner at WinterWyman Search’s New York tech practice: “The local startup community continues to expand, and employment opportunities are flourishing for technologists, particularly in the software-engineering verticals.” Over the past three years, Fitzgerald added, many notable West Coast technology leaders (including Twitter, LinkedIn, Facebook, and Amazon) have shown up in New York City, offering ample engineering opportunities and some of… continue…

In Silicon Valley, Some Giants Are Hiring

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What’s New This Quarter In Silicon Valley, everyone wants to be associated with the Next Big Thing. “In the Bay Area, I’m finding that SaaS and e-commerce based companies seem to be defining the current hiring status quo for other local companies and industries,” said Alyssa Seidman, recruiting director for recruiting firm Randstad Technologies. “They tend to have the most progressive environments and the ability to attract and afford the best talent.” That means companies in other industries, such as… continue…

Boston IT Hiring Looks Strong Across Most Sectors

Posted In Looking in Tech
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What’s New This Quarter As 2015 begins, Boston is prospering across a wide range of industry sectors, and demand is high for the IT experts who will keep that growth going. “Financial services are one of the largest industries in Boston, and we’re seeing a couple of main growth areas,” said Darrin Lang, CEO of Boston-based Labur, a staffing consultancy. “Firms are investing again in their proprietary technology platforms for trading and portfolio management and are trying to become more… continue…

Seattle Offers Options to Microsoft’s Laid-Off Legions

Posted In Looking in Tech
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When Microsoft announced layoffs of up to 18,000 worldwide employees on July 17—with 1,300 cuts coming to its Seattle headquarters—you could almost see the shock waves, given most analysts had predicted a number closer to 6,000. The cuts will be completed by next July. With new-ish CEO Satya Nadella preaching a philosophy of “agility,” the company is pinning its hopes not only on the next version of Windows (which may erase the generally negative view of Windows 8) but also… continue…