Bay Area Tech Job Growth Has Rapidly Decelerated (mercurynews.com)

Posted by msmash on Monday February 13, 2017 @02:40AM from the fewer-to-come-by dept.

An anonymous reader shares a MercuryNews report: Job growth in the tech industry used to zoom like a race car, but these days, hiring by this principal driver of the Bay Area's economy chugs along more like a family SUV. The technology industry's job growth in the nine-county region has dramatically decelerated, according to this newspaper's analysis of figures released by state labor officials and Beacon Economics. Tech's annual job growth throttled back to 3.5 percent, or 26,700 new jobs, in 2016. That's much slower than the 6 percent annual gain of 42,300 jobs in 2015, or the 6.4 percent gain in 2014. And while the industry's 3.5 percent growth last year is still a sturdy annual pace, Bay Area technology companies have already disclosed plans to slash about 2,000 jobs in the first three months of 2017.

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The answer is obvious... by frank_adrian314159 · 2017-02-13 03:01 · Score: 4, Funny

There's a shortage of tech workers to hire. Industry must have increased H1B caps!

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That is all.
LinkedIn can't be wrong... by __aaclcg7560 · 2017-02-13 03:12 · Score: 4, Funny

LinkedIn says there are 100,000+ tech jobs available in the San Francisco Bay Area.
Re:Let's Face the Facts... by PopeRatzo · 2017-02-13 03:15 · Score: 2, Funny

I wouldn't take a job in the Bay Area for even a $100k/yr raise, since my comfortable six figure salary in the Chicago suburbs gives me a 2500 sq ft house with a nice yard and public schools that rival the best private schools.
On the downside, you're in the Chicago suburbs.

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You are welcome on my lawn.
Re:Let's Face the Facts... by ColdWetDog · 2017-02-13 03:54 · Score: 4, Funny

I'm sure more than three people a year die in California after receiving their tax bills for the year.
At least the ice is sort of natural.

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Faster! Faster! Faster would be better!