RESEARCH TRIANGLE PARK – In the Triangle’s startup economy, job opportunities have again dipped after increasing for four consecutive weeks earlier this year.
Down by more than 3% from a week ago, the Triangle startup job postings dropped by more than 500 postings, including a decline of more than 600 openings on the Work in the Triangle job board.
Still, there are 820 more job postings in the Triangle’s startup economy than there were a month ago, an increase of more than 5%.
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.
Good news, job hunters: Red Hat, SAS, Kyndryl, others in TechWire’s Top 50 post more jobs
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, 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."
‘We’re hiring’ signs coming back: Job openings rebound across Triangle
