Tuesday, January 10, 2006

Further evidence of tech bull - Silicon Valley hirings way up

Further evidence of the tech bull market widening is evident as the overall slump in tech hirings in Silicon Valley since the .com crash seems to have well and truly ended. Ok, so things are not back to the madness of 1999, thank goodness, but they are impressive.

Yahoo said it hired 880 employees in the 3rd quarter, bringing its work force to 9,660 employees. That's up 38% from the 7,022 employees on the company's payroll in the same period a year earlier. This has been the busiest hiring year in the company's history!

And we all know that the likes of Google and Apple have been hiring too. But, yet to be revealed is that 2006 will see numerous start-ups and early stage private tech companies hiring more aggresssively as they get more money and leeway from their VC's and as they go after market share rather than profits in this rising market.

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