Tech Workers Flock to the Big Apple in 2023, Surpassing San Francisco and Silicon Valley

Among workers in tech industries who moved to the United States in 2023, a total of 15% joined the Big Apple. “New York offers new opportunities”, venture capital firm SignalFire announces its founders looking for talent.

In the United States, other cities have been especially attractive to tech professionals. This is true for Austin, Texas, which is seeing the fastest percentage growth for tech talent, as is Los Angeles. On the other hand, San Francisco, Seattle and Boston are among those who lost their facilities – especially to the Big Apple, emphasizing it Business Insider.

The San Francisco Bay Area has been the nation’s tech hub for decades “and she still reigns supreme.” But the pandemic has encouraged remote work “diaspora of technology companies” and they dispersed the workers, “Revealing the Emergence of Other Technological Poles”.

One could argue that the phenomenon is due to the high cost of living in a city like San Francisco, compared to emerging cities like Austin. But the explanation does not stand for New York, which has the highest rents in the country. “Cost of living is clearly not the only reason for these trends.”

“Once people have a tech job, the question is where would they rather live,” SignalFire comments. The study suggests that the generalization of remote work for three years could explain the phenomenon. “The city where workers want to settle is no longer the employer.”

If Silicon Valley recorded the largest number of professional departures in 2023, the net number of workers in the sector it welcomes increases due to the rise of artificial intelligence, reveals SignalFire . “New York may be stealing tech talent from the West Coast, but the city still has a long way to go to catch up to the San Francisco and San Jose region.”