There's a reverse-migration happening in the tech industry: Workers are leaving overpriced Silicon Valley for Atlanta and other hubs. This could help the tech industry finally diversify.
For years, Jean Harvey was part of the Silicon Valley machine, putting in long hours with modest advancement and steep living costs.
Harvey is part of a reverse-migration leaving the valley that could accelerate, with long-term repercussions for multiple local economies, hiring habits in tech, and — perhaps finally — a more diverse workforce in the industry after decades of stalled attempts. Working from home proved that employees can be as productive, if not more, than gathering at a central location, exploding the long-held narrative that tech jobs and funding were concentrated in a few regions.
Atlanta has emerged as a prime landing spot because of its engineering pipeline at local colleges — Georgia Tech, Emory University, Morehouse College, and Spelman College — and as the headquarters of major corporations like Coca-Cola Co. KO, +1.04% , Delta Air Lines Inc. DAL, +11.87% , United Parcel Service Inc. UPS, +1.00% , and Home Depot Inc. HD, +1.24% .
Half of Facebook’s 45,000 employees could still be working remotely in the next five to 10 years, CEO Mark Zuckerberg said in a public video announcing the policy May 21. This, in turn, will lead to the social-networking giant to start “aggressively” opening up hiring for remote workers, including people living in areas a few hours away from its offices and in new hubs it will establish, according to Zuckerberg.
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