Big layoffs, small job market—latest Triangle job numbers show tough 2023 | WRAL TechWire

Big layoffs, small job market—latest Triangle job numbers show tough 2023

Big layoffs, small job market—latest Triangle job numbers show tough 2023

Job numbers in decline | Graphic created in Canva

RESEARCH TRIANGLE PARK — Job openings in the Triangle hit a new low this week, according to the most recent edition of the WRAL TechWire Jobs Report. The total number of postings fell to the lowest since WRAL began tracking this data two years ago — to 232,152 postings total (not accounting for post duplications).

This is the 15th week in 2023 that job numbers hit a new low.

Want a job? 49 of ‘Top 50’ Triangle firms are hiring + check out 1,200 government openings

Job openings low, layoff numbers high

According to a study of 1,000+ tech executives published just last week, hiring is a top challenge for tech leadership.

“Headcounts are expected to remain flat or grow slightly, with one in three seeing a slower pace of hiring,” according to the report. “Contributing factors include valuation skepticism, ‘noise in the system’ from Big Tech layoffs, and ‘under-resourced internal talent teams.’”

The study, facilitated by executive search firm Riviera Partners, revealed that most tech executives feel that hiring leadership in tech “remains as challenging as 12 months ago.”

Meanwhile, TechCrunch recently reported that tech layoffs conducted so far this year already exceed the total number of tech layoffs for 2022, according to data from Layoffs.fyi.

The running total of layoffs from January to June 2023 is 201,860.

“The reasoning behind these workforce reductions follows a common script, citing the macroeconomic environment and a need to find discipline on a tumultuous path to profitability,” writes Alyssa Stringer in the article. “Still, tracking the layoffs helps us to understand the impact on innovation, which companies are facing tough pressures and who is available to hire for the businesses lucky to be growing right now.”

The article also provides a comprehensive list of all the known layoffs in tech in 2023.

According to Crunchbase, more than 1,040 people were laid off from U.S.-based tech companies last week alone, with notable layoffs from Niantic (reality software platform behind Pokemon Go), Robinhood (stock trading app), and Headspace (mental health app).

Triangle startups taking advantage of big tech layoffs to land talent, local recruiter says

A look at numbers in the Triangle

Here’s a look at the numbers for this week (not accounting for post duplications):

Some good news for job seekers—there are still over 2,000 openings at 50 top Triangle companies WRAL TechWire tracks weekly for hiring news. This week, 49 of those 50 companies are hiring. Follow the WRAL TechWire Jobs Report for more on the Top 50 and the startup job market numbers.

OTHER RESOURCES TO FIND TRIANGLE JOB POSTINGS

Below, we’ve gathered the latest upcoming job fairs, student-centric resources, and a list of Twitter accounts that track local job openings. If you’re a student looking for an internship or entry-level position at a local company or organization, your university has resources to help you get started. Quick links below:

For Johnston County job seekers: The recently launched JoCo Careers website helps job seekers find companies hiring in Johnston County. (More TechWire coverage here.)

LOOK FOR TRIANGLE JOB POSTINGS ON THESE TWITTER ACCOUNTS

Here are some locally run Twitter accounts that regularly share job openings in the Triangle: