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The remote-work revolution has led some U.S. technology companies, from startups to Coinbase and Shopify, to seek new hires in Latin America — where they can find qualified people in roughly the same time zone who’ll work for much lower pay.
It’s a logical extension of the pandemic work-from-home drift away from hubs like San Francisco and New York to less expensive locations — including across national borders. And the way currencies have shifted in the pandemic is only reinforcing the trend.
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Fifty-two percent of respondents have already implemented hiring freezes.
The slowdown is having an impact across the economy, from seasonal work in agriculture to high-paying tech companies.
Parker Conrad’s new HR tech firm Rippling hopes to compete against big name HR and payroll companies including Namely, Gusto and Zenefits.
Parker Conrad’s new HR tech firm Rippling hopes to compete against big name HR and payroll companies including Namely, Gusto and Zenefits.
Employment jumped in July for a second month and wages climbed, pointing to renewed vigor in the U.S. labor market that will sustain consumer spending into the second half of the year.
