Triangle Tech Companies Continue Hiring Despite Layoffs

Why It Matters:

The fact that tech companies like SAS and Epic Games are still hiring despite layoffs underscores the challenge of finding qualified individuals with the right skills. This study sheds light on the difficulty companies face in filling positions, which has broader implications for the tech industry and the labor market in North Carolina.

The Details:

• SAS and Epic Games have experienced layoffs in the Triangle, yet both companies have job openings.

• North Carolina is ranked as the 10th hardest state for companies to fill positions.

• More than 100 job openings are currently available at SAS and Epic Games.

• The WRAL TechWire Jobs Report shows that over 300,000 cybersecurity positions are available across the U.S.

• IBM also followed the pattern of hiring during layoffs, as it cut 1.5% of its staff but hired over 7,000 workers by the end of the first quarter.

• Fidelity Investments and First Citizens have the most job openings among the top 50 tech companies in the Triangle.

• The WRAL TechWire Jobs Report shows a 4.8% decrease in active listings in the wider Triangle market compared to the previous week.

Conclusion:

Despite recent layoffs, tech companies in the Triangle are still actively hiring. The struggle to find skilled talent is a significant challenge for companies in North Carolina, as highlighted by the study. The ongoing hiring efforts have implications for the tech industry and the labor market in the state.