Business Insider: Silicon Valley is facing an 'exodus of young employees' and recruiting tech talent is becoming harder, new survey reveals
Business Insider
By Paige Leskin
Apr. 5, 2019
Silicon Valley is known as the center of tech and innovation, but people in the industry are noticing that its dominance is starting to slip.
A recent survey of 300 tech employees in Silicon Valley found that 49% said they expected a region outside the San Francisco Bay Area to emerge as a center of innovation. A report on the survey, compiled by the Brunswick Group, said that most of the tech workers — 74% — said they expected China to become more of a competitive threat to Silicon Valley's tight grip on the tech industry in the next five years.
The Brunswick Group said that even as more jobs in tech emerge, about half of workers surveyed said it's harder to find and recruit talent now than it was a year ago. That could be because the younger generation of tech workers is looking outside Silicon Valley for work — 41% of 18- to 34-year-olds surveyed said they planned to leave the Bay Area in the next year.