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Tech job growth in Bay Area has rapidly decelerated (The Mercury News)

February 10, 2017

The technology industry’s job growth in the nine-county San Francisco Bay Area region has dramatically decelerated, according to The (San Jose, Calif.) Mercury News’ analysis of figures released by state labor officials and Beacon Economics. The tech industry’s annual job growth throttled back to 3.5%, or 26,700 new jobs, in 2016. That’s much slower than the 6% annual gain of 42,300 jobs in 2015, or the 6.4% in 2014. And while the industry’s 3.5% growth last year is still a sturdy annual pace, Bay Area technology companies have already disclosed plans to cut about 2,000 jobs in the first three months of 2017.