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Boomtown Austin loses tech workers

As the Bay Area hemorrhages professionals in the tech industry and tech companies are clamoring for Texas' lower taxes, untapped land and rapidly growing population, it might seem like Austin's tech sector is exploding.

But in the midst of COVID-19 and remote work, a LinkedIn study shows many young professionals are getting a 'lightbulb moment' to move to emerging tech hubs, not established ones like San Francisco, New York City or even Austin.

The city actually lost tech sector employees over the last year, despite money moves from companies like Tesla and Oracle. Austin had a -8% year-over-year change in tech workers this past year. Young professionals working in IT and software services instead made Miami, Houston and Dallas home after getting their foot in the door of a career.

(Laura Figi/Austonia)

The data also shows the Bay Area lost the most tech workers, consistent with California's declining population in 2020 revealed last week.

Austin need not be concerned about it's tech decline though—companies need much more variety than just tech workers on staff. For every 10,000 new LinkedIn members in April, 119 of them were in Austin, by far the highest on the list.

This study comes after the Austin-Round Rock-Georgetown area saw the third-largest growth by percentage in the U.S. over the last 10 years, according to the U.S. Census Bureau. Austin also ranked No. 2 for digital nomads to live, or people who hop from place to place working remotely.


Boise is a much better-run city than Austin, study says—here's how the two compare

Austin (left) was ranked much lower than No. 2 Boise among the U.S. best-run cities, according to a WalletHub study.

Last year, we examined how Austin has an unlikely lookalike in Boise, Idaho, a fast-growing metro that, like Austin, has earned both praise and ire as thousands flock to the city.

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Valencia Hotel Group Presents Live Music & Longnecks - All Summer Long

(Valencia Hotel Group)

Live music and beer? Say no more. With a location in Austin, and others throughout Texas, the court hotels by the Valencia Hotel Group have a new offering for weekend stays: Live Music & Longnecks.

Enjoy live music all weekend long and check out the hotels’ state-of-the-art amenities between sets. Make a splash in the pool, enjoy outdoor fire pits, or challenge your friends in a yard game while enjoying a weekend full of live music! Did we mention the package includes deluxe accommodations and a bucket of beer? Oh, and if you needed more convincing, this pet-friendly hotel means the whole family can join in on the fun.

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