“Silicon Valley Bank was chalked full of shiny objects, including SPACs, cool-sounding startups, and other VC-backed vaporware. We expect to see a substantial influx of available talent as Silicon Valley reconciles this largess with reality.”
-- Andrew Crapuchettes, CEO of RedBalloon
(Moscow, Idaho) – Silicon Valley Bank’s collapse delivered another blow to tech sector employment, and may likely accelerate big tech layoffs, said RedBalloon CEO Andrew Crapuchettes Wednesday. That should provide more good news for small businesses that have been starved for talent during this labor shortage, being unable to compete with big tech sectors on bonuses and salaries.
“There’s a tremendous amount of uncertainty in the tech marketplace,” said Andrew Crapuchettes. “Many of these bigger tech companies hoarded talent during the pandemic, and have been offloading big numbers of people over the past two months. Combine that with the fact that Silicon Valley Bank was chalked full of shiny objects, including SPACs, cool-sounding startups, and other VC-backed vaporware, and we expect to see a substantial influx of available talent as Silicon Valley reconciles this largess with reality.”
If you would like to interview Andrew Crapuchettes, contact Isaac Lopez at (208) 997 – 8013 or isaac@redballoon.work.
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RedBalloon CEO Andrew Crapuchettes is a longtime business leader, entrepreneur, and innovator in the technology industry. He has founded several successful tech-focused companies and is widely considered a global pioneer in the development and use of labor market data analytics – an industry he helped found over 20 years ago. He served as the founding CEO of Emsi (now Lightcast) - which brought market-changing innovations to how higher education, corporations, and governments approach the labor market.
In 2021, Andrew founded RedBalloon, which has quickly become America’s largest connectors of employers and job seekers who prioritize workplace culture. Crapuchettes’ is a frequent presenter at technology and business conferences, and a frequent guest on business and technology news and influencer podcasts.
To find out more, explore redballoon.work. For questions or interview requests, contact Isaac Lopez at isaac@redballoon.work.
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