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Economy

Seattle’s tax burden shifted to business as jobs slipped away, new report finds

A new joint report from the Downtown Seattle Association and the Seattle Metro Chamber shows city tax collections nearly tripling since 2013, surging far past population and job growth as the tax burden shifts heavily onto a small pool of major employers. Read More

Meet the X-BAT: Full specs on the new AI-piloted fighter jet to be built in Washington state

X-BAT at a Glance: Measuring 26 feet long with a 1,000-nautical-mile combat radius, Shield AI’s autonomous strike fighter is designed to launch vertically from highways or naval decks—bypassing traditional runways entirely. Here is a detailed look at the aircraft’s specs, timeline, and capabilities as production sets to begin in Des Moines, Wash. Read More

Shield AI selects Seattle area to build X-BAT autonomous fighter jet, plans to add 4,000 jobs by early 2030s

Defense tech upstart Shield AI has selected the Puget Sound region as the manufacturing hub for X-BAT, bringing AI-piloted fighter production to the region and promising 4,000 jobs by the early 2030s. Read More

‘You cannot fund compassion from an empty treasury’: Seattle Chamber CEO frames economic growth as a civic imperative

Speaking at the Seattle Chamber’s 144th annual meeting, CEO Joe Nguyen framed local business growth as an essential prerequisite for progressive civic priorities—warning regional leaders that public services, housing, and transit cannot be funded without protecting the region’s $600 billion economic engine. Read More

At Tech Alliance annual luncheon, a stark analysis and a call to action

A McKinsey analysis presented at the Technology Alliance’s State of Technology luncheon warns that Washington’s nation-leading economic growth is projected to slow to the national average, driven by negative domestic migration, rising costs, and heavy reliance on a handful of giant employers. Read More

Are we on a Road to Nowhere? Seattle’s growth masks deeper anxieties about its future

For three decades, Seattle’s tech industry has been an extraordinary economic engine, transforming the region into a global center for cloud computing, e-commerce and artificial intelligence. But are cracks beginning to form in that foundation? Read More

Tech boom turns to gloom in Seattle as economic fears swirl amid layoffs

A cloud of economic uncertainty is hanging over the region following big job cuts at Amazon and elsewhere. Some are calling it the scariest time since 2009’s Great Recession. Read More

Seattle jumps 10 spots in ‘Best Performing Cities’ economic report; Idaho dominates smaller field

The Seattle metro region jumped 10 spots to No. 24 in the latest “Best Performing Cities” report from the nonpartisan… Read More

Podcast

GeekWire Podcast: Layoffs land at Amazon HQ; Redfin’s real estate reversal; Jeff Bezos and Jay-Z

Amazon became the latest tech giant to make layoffs in its corporate workforce this week in the face of the… Read More

Podcast

Amazon’s new reality: Where the tech giant is doubling down and cutting back in tough times

Amazon has grown dramatically over the past decade, surpassing 1.5 million employees and extending its reach into nearly every corner… Read More

We asked Seattle startups about the economy and its impact on their business

Tech startups are impacted by the shaky economy. But some are feeling it more than others. That was the takeaway… Read More

Microsoft cuts jobs in ‘strategic realignment’ as new fiscal year begins

Microsoft confirmed a “small number” of job cuts Tuesday morning, describing the move as part of a “strategic realignment” in… Read More

How remote work is changing tech pay: Seattle startup comp equals Silicon Valley, study says

Remote work is equalizing tech startup pay across the country, with Silicon Valley and San Francisco as the benchmark, and… Read More

Bezos reignites Biden inflation feud, says president is misdirecting public or misunderstanding market

Updated below with White House response. Jeff Bezos called out President Joe Biden for telling gas station owners to lower… Read More

Q&A: Seattle startups may be insulated from the downturn, and other insights from VC Chris DeVore

With fears of an economic hurricane approaching the U.S. economy, venture capitalists are advising tech companies to cut expenses and… Read More

Microsoft lowers guidance, citing foreign exchange rates, in latest sign of volatile economy

Microsoft shares fell by 2% this morning before partially recovering after the company reduced its revenue guidance for the current… Read More

Microsoft confirms Office and Windows hiring slowdown in latest sign of economic caution

Microsoft will get more cautious about hiring in its Windows and Office divisions, including its Microsoft Teams group, in the… Read More

Podcast

Startups, superheroes, and the economy at a crossroads: Voices from Seattle’s tech community

After holding the GeekWire Awards virtually for the past two years, there was a feeling of real catharsis Thursday evening… Read More

Microsoft suspends sales of products and services in Russia, condemns ‘unlawful’ invasion of Ukraine

Microsoft says it will suspend all new sales of its products and services in Russia and stop “many aspects” of… Read More

Will hybrid and remote work tank Seattle’s once red-hot office market? Not so fast, studies say

Fewer people working in the office, less need for office space? That seems like a logical conclusion to draw. But… Read More

Tech jobs hold steady in Seattle and other big tech hubs, but there’s another disturbing trend line

The great migration of tech talent out of large tech hubs like Seattle, San Francisco and Boston may be overblown.… Read More

Initiative seeks to force Seattle to fund homeless housing and then clear camps

In an effort to overhaul Seattle’s approach to its homeless crisis, a coalition of downtown business leaders and non-profit representatives… Read More

Amazon updates remote work guidance, plans to ‘return to an office-centric culture as our baseline’

The news: Amazon expects most U.S. corporate office workers back in the office by early fall, the company said in… Read More

Register for GeekWire’s virtual roundtable: Tackling Public Policy Challenges During a Covid Economy

It has been one year since Washington state locked down with the first confirmed case of COVID-19 in the U.S.… Read More

Here’s what tech policy leaders are watching, and expecting, as Biden takes office

When Joe Biden and Kamala Harris take the oath of office on Wednesday, the new president and vice president will… Read More

Buoyed by a booming tech sector, Seattle surpasses Atlanta to claim 10th largest regional economy

The Seattle region continues to boom. The regional economy — encompassing Tacoma, Everett, Seattle, Redmond and Bellevue — boasts a… Read More

Podcast

‘This company was invented for the pandemic’ — Scott Galloway on Amazon in a ‘Post Corona’ world

Amazon’s big move into the pharmacy business last week wasn’t a surprise at all, and it’s just part of a… Read More

Podcast

Tech in 2020 and beyond: The economy, Amazon, antitrust and the potential impact of the election

The past year has brought a pandemic, a national reckoning over race, plus antitrust investigations and charges against major tech… Read More

Report: Washington state’s tech economy is robust; 13.2% of the workforce holds a job in tech

A new report from the Information Technology Industry Council paints a detailed picture of the importance of the high-tech industry… Read More

‘How long can we hold on?’ As Zillow workers stay remote, businesses near Seattle HQ fight to survive

It’s 8:20 a.m. at the corner of Second Avenue and Union Street in downtown Seattle. The buzz of the city… Read More

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