Is the tech recession over? Maybe.
After peaking early this year, the number of tech industry layoffs—and the number of companies cutting those jobs—appears to have slowed in recent months.
Hiring
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Truck dealer seeks tax breaks for $85M hub overhaul on south side
About 50 full-time jobs with an average pay of $29 per hour are expected to be created along with the expansion for Stoops Freightliner-Quality Trailer.
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IT outsourcing firm plans to hire 450 for new Indianapolis office
Tek Experts, which has more than 6,000 employees worldwide, just opened an office in Indianapolis. The company has received an offer of up to $2 million in state tax incentives based on its ambitious growth plans.
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Tech exec Mike Langellier joins High Alpha venture studio
Langellier, who stepped down in May as CEO of Indianapolis-based TechPoint, has joined Indianapolis-based venture studio High Alpha as an operating partner.
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Radial looking to fill seasonal positions in Brownsburg
Radial, which fills online orders for dozens of retail brands, opened its 700,000-square-foot Brownsburg distribution facility in 2019.
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Articles
Worker shortage leads firms to hire more ex-offenders
More than ever, Indianapolis-area companies are becoming so-called “second-chance employers” willing to hire people with arrest records and providing additional services to ex-offenders needing first jobs.
More women turn to trucking as shortage of drivers opens doors
To attract women, trucking firms are working to make their work less unpredictable and time-consuming.
Weekly applications for U.S. jobless aid tick up from 5-month low
While some industries—such as manufacturing, warehousing, and retail—have slowed their hiring in recent months, they aren’t yet cutting jobs in large numbers.
Job openings fall to lowest level in 2 years as demand for workers cools
The government’s report also showed that the number of people who quit their jobs in June fell sharply to 3.8 million, from 4.1 million, another sign the job market is slowing.
U.S. hiring slows, but still shows signs of economy’s resilience
The June hiring figure reported by the government Friday is the smallest in 2-1/2 years. But it still points to a durable labor market that has produced a historically high number of advertised openings.
Number of Americans filing for jobless claims elevated for second straight week
The four-week moving average of claims, which flattens some of the week-to-week fluctuations, rose to its highest level since November 2021.
Employers added 339,000 jobs in May, strong growth that defied headwinds
The May jobs report reveals the 29th straight month of strong job growth that has come to define the pandemic recovery economy.
Fewer Americans apply for jobless benefits as labor market still showing strength
Since the pandemic purge of millions of jobs three years ago, the U.S. economy has added jobs at a breakneck pace and Americans have enjoyed unusual job security.
U.S. adds a solid 253,000 jobs despite Fed’s rate hikes
April’s hiring gain compares with 165,000 in March and 248,000 in February and is still at a level considered vigorous by historical standards.
United plans to hire 15,000, adding to surge in airline jobs
Airlines are trying to avoid a rerun of last year, when they were caught unprepared for a rapid recovery in air travel.
U.S. adds robust 311,000 jobs despite Fed’s rate hikes
Nearly all of last month’s hiring occurred in services industries—from restaurants and hotels to retailers and health care companies.
National tech layoffs could create opportunity in Indiana
From Amazon to Microsoft to Twitter and many others, tech companies nationwide have announced more than 200,000 layoffs since the start of the year. But is a different story emerging in Indiana?
Indiana secretary of state hires brother-in-law for top post
New Indiana Secretary of State Diego Morales has hired his brother-in-law for a post paying a six-figure salary, in a move that has drawn criticism as crossing an ethical line.
Apple avoids job cuts because it didn’t overhire like Google and Amazon
Many tech companies admit that they hired too much during the pandemic, betting that lifestyle changes—including remote work, e-commerce spending and video-game habits—would bring a bigger windfall. Now they’re dealing with the aftermath.
Pay-transparency trend reaches Indiana as push for equity gains momentum
Compensation has long been a taboo topic around most watercoolers, but that’s changing as more states are forcing companies to open up about their salaries.
U.S. adds surprisingly strong 517,000 jobs despite Fed hikes
January’s job growth far exceeded December’s 260,000 total and extended a streak of powerful hiring gains that raised concerns at the Federal Reserve about inflation pressures.
FTC proposes rule that would ban noncompete clauses
The FTC proposal is based on a preliminary finding that noncompete clauses quash competition in violation of Section 5 of the Federal Trade Commission Act. Section 5 bans unfair methods of competition.
U.S. labor data surprise as job market runs hotter than forecast
Private payrolls increased 235,000 last month, led by small- and medium-sized businesses, according to data from ADP Research Institute in collaboration with Stanford Digital Economy Lab. The figure exceeded all but one forecast in a Bloomberg survey of economists.
U.S. added 263,000 jobs in November, a strong showing amid tech slowdown
The U.S. labor market showed little sign of slowing last month, maintaining a surprisingly robust pace despite a slowdown in the tech industry.