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reel – Tech executives in North Carolina are cutting back on hiring and are less optimistic about the future of their own companies’ performance, but are more positive about the overall North Carolina economy, according to a new study by the North Carolina Technology Association.
The findings — based on the January-March quarter — mirror the most recent IT jobs report, which showed a sharp decline in technology vacancies in the state.
They’re also smiling at the new Duke University CFO survey released this week.
“Leaders in North Carolina’s tech community are expressing caution about economic conditions, but continue to express confidence in hiring and their companies’ resilience,” NC TECH CEO Brooks Raiford said of the survey results.
The percentage of tech companies hiring dropped to 66.5%, compared to 86.1% in the December poll.
However, at 2.2 percent, there was no increase in the percentage of companies cutting back on layoffs.
Optimism about their own companies fell 4 percentage points to 37.6 percent. Those who rated it as a “great” performer dropped from 22.5 percent to 19.3 percent.
In the economy, however, 62.4% expect growth, including all companies. This is an increase of 48.9% from the previous quarter.
The report was written by Stearns Financial Group.
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