Colorado’s job growth isn’t all that’s shrinking. So is its population growth. | SummitDaily.com
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Colorado’s job growth isn’t all that’s shrinking. So is its population growth.

Tamara Chuang
The Colorado Sun
People walk down Main Street on Presidents Day, Monday, Feb. 21, 2022 in Breckenridge.
Tripp Fay/For the Summit Daily News

This was a rough week for some of the nation’s larger technology companies — or, should we say, their workers. Ride-sharing company Lyft said it’s cutting 13% of its staff, or another 700 jobs. Payment processor Stripe cut 14%, or 1,120 jobs. Amazon put a hold on hiring its corporate workforce. 

And then, of course, there’s Twitter. New owner Elon Musk began laying off 50% of Twitter’s 7,500 employees Friday as he sought to get the company to profitability. The aftermath isn’t clear, but Twitter became a force in Colorado in 2014 when it acquired Boulder social-data startup Gnip

Elaine Reddy, who worked at Gnip and Twitter during the acquisition and now handles communications at climate and sustainability consultant The AdHoc Group, shared her sympathy — and job possibilities (a thread): “Thinking about all of my former Gnip/Twitter co-workers and the absolute chaos this year has been + 2 years of a pandemic. Happy to help anyone who wants to make a move into climate tech.”



Should local and national Twitter employees be searching for a new job, Colorado’s professional community appears ready to welcome them. With an estimated 222,000 job openings in August, that’s up from a year-ago August though down from July, according to the latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics. Colorado had a 7.2% job opening rate, which is essentially the number of job openings compared to employment. We were in a four-way tie for eighth highest rate of job openings in the U.S.

While Colorado has had one of the faster pandemic job-recovery rates nationwide, that growth is slowing. That came up Friday at the online State Demography Summit, which also shared what else is slowing: Colorado’s population growth.



Read more on ColoradoSun.com.


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