Silicon Valley: More Research Shows Job Trends Rising

Silicon Valley

Silicon ValleySilicon Valley’s Job Outlook Seen Gaining: Over the next two years, Silicon Valley is expected to generate 15 percent more tech jobs, according to a study by four workforce training groups. However, the hiring binge is already threatened by shortages of people with the skills in highest demand, including mobile technology, social networking and cloud computing. That illustrates the conundrum job seekers face: While mid-level positions are eliminated, new jobs require advanced training and higher-level skills. San Jose Mercury News

Hiring Continues in the Short Term, Too: More than two-thirds of area business leaders expect to increase hiring during the second half of 2011. About 67 percent anticipate they will increase hiring, while 28 percent expect to maintain headcount. Only 3 percent see job reductions coming. Silicon Valley Business Journal

Analyst Says Cisco’s Job Cuts Were “Necessary”: Cisco’s decision to cut 6,500 jobs, or around 9 percent of its worldwide workforce, was “a painful but necessary” measure to lower expenses and turn the company around, says investment firm Sterne Agee. Analyst Shaw Wu believes the company’s actions will “help lower overhead and allow the company to be more competitive in the marketplace.” Forbes

Expansions Create Company Towns: Google, Apple, Facebook and Netflix are all moving into larger headquarters, giving rise to a new breed of company towns. For municipalities, that should be good. But there’s some question as to whether these company-driven communities really do anything for local taxes. SiliconValley.com

Tesla Reaches $100 million Deal with Toyota: Electric sports car producer Tesla agreed to a three-year deal to supply about $100 million worth of powertrain equipment to Toyota. Toyota plans to sell more electric and hybrid vehicles next year. SiliconValley.com

Adobe Adds E-Signature to PDFs: Adobe purchased Palo Alto-based electronic-signature company EchoSign, which will give Adobe’s PDF documents enhanced e-signature functions. EchoSign has tens of thousands of paid subscribers who use the service to send out documents, and more than 3 million people have used the service to digitally sign contracts and other documents. Inside Bay Area

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One Response to “Silicon Valley: More Research Shows Job Trends Rising”

July 22, 2011 at 8:53 am, twins.fan said:

Unfortunately, more jobs are going away than are being created. Cisco, HP, Lockheed Martin are all laying US workers off.

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