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Marketplace Tech

Tech companies look to Mexico for new talent

Marketplace Tech

Marketplace

Technology, News

4.51.3K Ratings

🗓️ 2 May 2023

⏱️ 6 minutes

🧾️ Download transcript

Summary

Mexico is in the middle of a tech boom as U.S. companies look across the border for hires after mass layoffs. Tijuana is right at the center, with a growing market for tech workers and engineers to be hired stateside.

Transcript

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0:00.0

Marketplace Morning reports new Skin in the Game series explores what we can learn about

0:04.6

money and careers from the $300 billion video game industry. Plus, here how an Oakland-based

0:11.0

program helps young people get the skills they need to break into this booming industry.

0:15.9

Listen to Skin in the Game and more from the Marketplace Morning report wherever you get your

0:20.7

podcasts. You don't have to look too far to find a tech scene that's still booming,

0:26.3

but you might not have to cross the border. From American public media,

0:30.1

this is Marketplace Tech. I'm Megan McCarty-Karino.

0:42.3

It's been kind of a tough six months for the tech industry in the US. Just last month,

0:48.0

Meta announced another round of 10,000 job cuts after 11,000 at the end of the year.

0:55.3

Google, Microsoft, Twitter, and dozens more companies that aren't household names

1:01.5

have all laid off workers and mass as the pandemic hiring spree ran into rising interest rates

1:08.2

and changing consumer behaviors. But just south of the border in Tijuana,

1:13.6

the IT industry is still heating up. It's a phenomenon sometimes called near-shoring,

1:20.0

like off-shoring where jobs move abroad, but not halfway around the world.

1:25.9

KPBS reporter Gustavo Soliz has more on the tech boom in Mexico.

1:30.8

In a high-rise office space in Tijuana's Chapultepec neighborhood,

1:34.4

dozens of programmers and coders sit at their desk. They like to joke around while they work.

1:41.0

These are some of the roughly 20,000 IT workers in Tijuana, and that number is expected to

1:47.2

triple within the next decade. It's a sign of Tijuana's booming tech sector. The labor shortage

1:53.7

north of the border is fueling growth down here. There is this extreme need for engineers in the US,

2:00.4

and right now they're not meeting that demand.

2:03.6

Ves Omar Barra, an engineering director with a company called I-Tijuana,

...

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