Report: Austin's tech scene is losing momentum

Report: Austin's tech scene is losing momentum

AUSTIN (ABJ) — For decades, Austin has mostly seen itself climbing in the ranks as a startup hub and place where big tech is growing at a rapid pace. But a new report by a San Francisco-based venture firm shows that the local tech sector is cooling off. Austin has been losing startup talent due to lagging infrastructure, housing costs and return-to-office policies, according to the new report by SignalFire, a venture firm that recently raised ov…

Tech Hiring Declines – 710am KURV

A new report shows that employment is down at both big tech firms and startups in Austin. Heather Doshay with the venture-capital firm SignalFire says, as businesses relocate back to the coasts, the jobs are leaving too. Employees are being told to show up to the office at least a few days a week. And, without that critical mass of tech workers, start-ups are having trouble attracting workers to Austin, too.