Seattle's Tech Job Exodus: How the Industry Pullback is Reshaping the Local Economy
The Wall Street Journal1 month ago
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Seattle's Tech Job Exodus: How the Industry Pullback is Reshaping the Local Economy

Tech Industry
tech-jobs
seattle
microsoft
economy
layoffs
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Summary:

  • Tech workers with advanced degrees are applying for minimum-wage jobs in Seattle due to industry cutbacks.

  • Companies like Microsoft and Amazon have significantly influenced the local economy, now facing a downturn.

  • The coffee shop Five Stones Coffee Co. is seeing a surge in overqualified applicants but sticks to hiring entry-level staff.

Seattle's Tech Boomtown Faces a New Reality

Hannah Andrews, a manager at Five Stones Coffee Co. in Redmond, Wash., is accustomed to serving tech workers from nearby Microsoft's main campus. However, in recent months, she has observed a surprising trend: individuals with backgrounds at Microsoft and other tech firms are now applying for barista positions.

These applicants often hold master's degrees and have experience in roles like graphic design or marketing, sometimes at senior levels. They are seeking jobs that pay Redmond's minimum wage of $16.66 an hour. Despite their qualifications, Five Stones has not hired them, prioritizing more traditional entry-level candidates, such as high school students.

This shift highlights the broader economic impact of the tech industry's pullback in the Seattle area, which has long been transformed by giants like Amazon and Microsoft.

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