July 17, 2020
Demand for many tech services has grown during the COVID-19 pandemic, helping North American tech-talent to prove resilient amid economic uncertainty, CBRE says. This signals that the pandemic isn’t likely to derail the growing importance of tech- talent hubs, which range from mainstays such as the San Francisco Bay Area and Washington, DC to smaller, emerging clusters in Huntsville, AL and Quebec City, Quebec, according to CBRE’s annual Scoring Tech Talent report.
“We expect that most tech-talent hubs and professions will thrive after the pandemic subsides, and many that facilitate remote work, ecommerce, social media and streaming services may have even greater growth opportunities accelerated by the COVID-19 disruption,” said Colin Yasukochi, executive director of CBRE’s Tech Insights Center.
Tech employment has proven it can withstand economic shocks, says CBRE. In the 2008-2010 recession, tech talent employment declined by just 0.5% while overall U.S. employment registered a 5.5% drop.
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