Bucking Trends, Jobs Growth Continues in Silicon Valley

Bucking national and state trends, Silicon
Valley continues to show job growth. According to California’s Employment
Development Department, the region posted a net gain of 3,300 jobs in June
compared with May. That’s the Valley’s sixth straight month of jobs growth.

Bucking Trends, Job Growth Continues in Silicon ValleyOne of the keys to the area’s continuing recovery is the
manufacturing sector, which added 1,200 jobs in June. A big chunk of that was
in computer and electronics manufacturing, which added 600 positions. Another
area where companies are adding staff is in professional and business services,
including many technology positions, which added 500 jobs.

By contrast, the U.S.
shed 125,000 jobs in June, and California’s
numbers of employed dropped by 27,600.

Informatica on Hiring
Binge

Redwood City should be tops on any IT professional’s list of
places to look for work. The home of numerous high-tech firms, it’s also where
fast-growing Informatica is based.

A leading provider of data integration software used by
companies across the globe, Informatica is expanding staff while turning in
some stellar financial numbers. In July the company reported record quarterly
revenues of $155.7 million. It had revenues of $501 million last year.

Jo Stoner, senior
vice president of human resources, says the company couldn’t be more active in
hiring. “This year our hiring has been more aggressive than normal for us,
because we’re playing catch-up,” she says. “We’re continuing to
invest very heavily in head count.”

In the last couple of weeks the company has added close to
200 people, all in development and technology roles, both worldwide and in the
Bay Area, Stoner says. The company currently employs about 2,000 people in 27
countries, including about 500 in Silicon Valley.

— Doug Bartholomew

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