On Monday, WRAL reported that Meta, the parent company of Facebook, was looking at opening an office in Durham.
Yes, but: Meta said last month it would reduce its hiring after posting slowing revenue growth in the first quarter of the year. Its possible that could impact the reported plans.
Why it matters: Even if Meta doesn't expand to the Triangle, companies from Apple to Amazon are already hiring here whether remotely or for a planned office.
What theyre saying: "I think what you are seeing in the Triangle is a maturation," former N.C. Commerce Secretary Anthony Copeland, who helped recruit many tech companies, told Axios.
The growth has really accelerated since the pandemic, which has caused a reshuffling of workers from the country's largest cities to cheaper markets.
Apple, for example, just recently started hiring for the first jobs at its new East Coast HQ in Research Triangle Park, and sublet space in Cary.
The big picture: The Triangle has been identified as a place for future growth by the countrys largest tech firms. The growth brings a lot of new opportunities to the region, but also many challenges, most noticeably rising housing and rental prices.
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