RESEARCH TRIANGLE PARK – In the Triangle’s startup economy, job opportunities appear to be stabilizing after four consecutive weeks of growth.
Down slightly from last week, the startup jobs market in the Triangle remains resilient, with more than 17,528 openings across 15 different job board search platforms tracked in the weekly WRAL TechWire Jobs Report.
Still, there are 1,450 more job postings in the Triangle’s startup economy than there were a month ago, an increase of more than 9%.
And the startup economy could see an increase in available talented technology workers who may consider working for a startup, as layoffs continue to sweep across the tech sector.
What's happening
Potentially buoyed by severance packages that provide economic stability despite the job loss, some workers may look at the Triangle's blossoming startup sector for opportunity. Of course, even workers not impacted by layoffs could be looking to make a move, as well.
"My perspective is early stage tech companies only so we welcome the layoffs from big tech," said David Gardner, managing partner of Cofounders Capital in Cary. "It creates a larger and more qualified pool of candidates for our portfolio companies. None of our companies are laying off in fact, most are hiring for positions that have gone unfilled for some time."
And, there may soon be more talent looking to make a move. That's because a recent study by LinkedIn found that 61% of all workers have considered leaving their job in 2023.
The bottom line, said Dr. Michael Walden, an economist and a William Neal Reynolds Distinguished Professor Emeritus at North Carolina State University in an interview with WRAL TechWire on Monday, is that "businesses and economists are still trying to ascertain where the economy is headed - slower growth but no recession, a typical recession with job losses, or a unique recession with modest or no job losses."
