The San Francisco Bay Area may be the capital of the tech industry, but it’s officially losing sway as a talent hub.
A new LinkedIn Economic Graph analysis ranked the top 10 cities with the highest share of new hires last year among LinkedIn’s Top Companies, a list of 50 employers ranked by opportunity for career progression.
Although this year’s Top Companies list featured Amazon, Alphabet, IBM and Apple in the top 10 — all companies with a sizable Bay Area presence — the share of Top Companies hiring in San Francisco declined last year.
California wasn’t knocked off the list entirely: Sacramento and San Diego came in at No. 7 and No. 8, respectively. But employers on the Top Companies list did a larger share of hiring in several cities in the South and the Midwest, with Houston, Detroit, Miami, Orlando, Chicago and Austin making the top six. Austin has been a particular hiring hub for both Apple and Dell Technologies (headquartered outside of Austin), according to LinkedIn.
Silicon Valley tech campuses are coming back to life at companies like Google and Apple, but it’s clear that the tech workforce is far more dispersed than it was two years ago. Companies like Stripe, Cloudflare and Coinbase have dramatically reduced their Bay Area hiring, and Google is building new offices in Atlanta, Austin and Portland, Oregon. Meta has expanded its real estate footprint in Austin, Boston, Chicago and Bellevue, Washington, while also adding space in Silicon Valley.