Silicon Valley Bank buy delivers shock and awe, opportunity to Triangle, investors say
RESEARCH TRIANGLE PARK – Raleigh is in international news right now. I’m speaking at two tech events in Europe this week, and on my travels, I get to see mentions of my hometown in the headlines, hearing about this “Raleigh-based” or “North Carolina-based” First Citizens Bank (FCB) that acquired Silicon Valley Bank (SVB).
Helping hands: Raleigh startup is addressing caregiver crisis with college students
RALEIGH – As labor shortages and rising inflation add pressure to today’s caregiving crisis, two startup founders are leveraging the gig economy to pair student caregivers with families in need.
Epic Games announcement—the long-awaited “Unreal Editor for Fortnite” will launch next week
CARY – The long-awaited Unreal Editor for Fortnite (UEFN) is set to launch on March 22nd, according to an announcement posted to Fortnite’s official Creative Twitter account.
Employees at Bandcamp, a music platform owned by Cary-based Epic Games, attempt to unionize
CARY – Bandcamp, a streaming music platform owned by Epic Games, is the latest tech organization to see employees attempt to unionize.
Lenovo ordered to pay $138.7M settlement to US-based InterDigital in landmark licensing dispute
MORRISVILLE – Lenovo has been ordered to pay US patent holder InterDigital a $138.7 million lump sum to settle a years-long dispute over licensing.
‘Future of Work’ draws more startups – NC venture event to showcase 9
RESEARCH TRIANGLE PARK – Organizations will spend nearly $1 billion on the “Future of Work” (FoW) in 2023, representing a growth of 18.8 percent from 2022, according to IDC. And more startups are developing FoW solutions to capture that growing market.
Cuts of over 450 jobs announced in NC this week, latest come at Snow Hill facility
GOLDSBORO– South Carolina-based Cornell Dubilier Electronics (CDE) is closing its 204 Carolina Drive plant in Snow Hill and laying off 91 employees.
Queen City layoffs: Window manufacturer to close plant, lay off 135 employees
CHARLOTTE– Hunter Douglas Window Designs, a global window company with a manufacturing plant and call center in North Carolina, has informed the NC Department of Commerce that the company will lay off 135 workers.
The promise of Web3 goes way beyond cryptocurrencies, says Duke professor
RALEIGH – The potential of “Web3” tech is getting overshadowed by headlines about crypto, says Dr. Campbell Harvey from Duke University
Raleigh-based Bryn Pharma brings on new CEO to help launch EpiPen alternative
RALEIGH — Pharmaceutical industry veteran Sandy Loreaux is the new CEO of Raleigh-based Bryn Pharma, the company announced this week.
Layoffs bite tech job demand: Job openings fall 14% in Triangle, 15% nationally
RESEARCH TRIANGLE PARK – Technology-related employment fell in February, according to CompTIA’s analysis of data released by the US Bureau of Labor Statistics on Friday.
Bad news on jobs front: Triangle postings reach second-lowest level of 2023
RESEARCH TRIANGLE PARK – The latest edition of the WRAL TechWire Jobs Report reveals another drop in the total number of local job listings—to the second-lowest total number of postings for 2023.
Triangle Startup Guide exclusive: Going inside The Wright Village
RALEIGH – In an exclusive interview with WRAL Techwire, Mel Wright, Founder & Owner of The Wright Village, discusses Raleigh’s first Black-Woman-Veteran-owned co-incubation hub.
March is Women’s History Month – here’s how to salute NC women entrepreneurs
RESEARCH TRIANGLE PARK – March is a time to celebrate the achievements and contributions of women throughout history, and one of the best ways North Carolinians can do that is by helping to preserve and amplify the legacy of our state’s women entrepreneurs.
Tech bank’s ‘train wreck:’ What’s collapse of Silicon Valley Bank really mean?
RESEARCH TRIANGLE PARK – CNN reported that the collapse of Silicon Valley Bank created a wave of fear across the tech sector on Thursday and Friday since technology firms and startups are its primary customers. There’s been talk as well that SVB – which was seized by regulators on Friday – could trigger a wave of bad news for many other banks. But is this more hype than reality? Could SVB’s failure burst tech’s bubble?
UNC economists are ‘sticking with our recession call’ after jobs report
CHAPEL HILL – The U.S. job market continues to outperform expectations despite stubborn inflation and aggressive rate hikes from the Federal Reserve. But will the Fed explore more rate hikes to slow red-hot labor market? Is a recession still on the way?
These tokens (NFTs) could protect us from more Ticketmaster disasters – here’s how
RALEIGH – Ticketmaster came under fire from Eurovision fans yesterday as hopeful buyers grappled with technical difficulties while attempting to purchase tickets for the popular singing competition. The tickets sold out in record time, but numerous fans reported experiencing technical difficulties such as being kicked off the site or receiving error messages.
Good news, job seekers: Triangle openings on the rise after February dip
RESEARCH TRIANGLE PARK – The latest edition of the WRAL TechWire Jobs Report reveals a modest uptick in the total number of job listings compared to last week but a decrease in postings from the same period in the previous year.
Cary medtech startup backed by Charles Barkley lands FDA’s OK for seizure disorder device
CARY – NeuroVice, a medical technology start-up based in Cary, has received FDA clearance for its first-to-market seizure disorder device, the Protector Against Tongue Injury (PATI) device.
Job seekers, beware: ‘Quiet hiring,’ ‘invisible jobs,’ ‘hidden jobs’ could limit your choices
RALEIGH – Last year we heard about “quiet quitting”; this year, I keep hearing about “quiet hiring.”
If “quiet quitting” is an employee ghosting their employer (ex. simply not showing up to work, resigning by text message, or leaving a resignation letter on the desk without warning), “quiet hiring” is an employer ghosting potential candidates by filling an open position without publicly posting job openings.