On Monday, WRAL reported that Meta, the parent company of Facebook, was looking at opening an office in Durham. <\/p>\n
Yes, but: Meta said last month it would reduce its hiring after posting slowing revenue growth in the first quarter of the year. Its possible that could impact the reported plans.<\/p>\n
Why it matters: Even if Meta doesn't expand to the Triangle, companies from Apple to Amazon are already hiring here whether remotely or for a planned office. <\/p>\n
What theyre saying: \"I think what you are seeing in the Triangle is a maturation,\" former N.C. Commerce Secretary Anthony Copeland, who helped recruit many tech companies, told Axios. <\/p>\n
The growth has really accelerated since the pandemic, which has caused a reshuffling of workers from the country's largest cities to cheaper markets. <\/p>\n
Apple, for example, just recently started hiring for the first jobs at its new East Coast HQ in Research Triangle Park, and sublet space in Cary. <\/p>\n
The big picture: The Triangle has been identified as a place for future growth by the countrys largest tech firms. The growth brings a lot of new opportunities to the region, but also many challenges, most noticeably rising housing and rental prices. <\/p>\n
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Meta, other tech giants flock to Raleigh and Durham - Axios<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" On Monday, WRAL reported that Meta, the parent company of Facebook, was looking at opening an office in Durham. Continue reading