Is your organization or company conducting a round of layoffs soon? Do you need to provide outplacement support to your affected employees so that they can find new jobs and positions as soon as possible?
Durham, North Carolina is a thriving city located in the state’s Research Triangle region. With a population of approximately 275,000 people, Durham is the fourth-largest city in the state. The city is known for its historic downtown, world-renowned universities, and diverse culture.
Durham is home to two of the top universities in the United States: Duke University and North Carolina Central University. These universities have a significant impact on the local economy, providing thousands of jobs and attracting top talent from around the world. Duke University, in particular, is a major employer in the area, with over 40,000 employees and an annual economic impact of over $11 billion.
Apart from its universities, Durham is also home to several large corporations and businesses—many of which have adopted the benefits of outplacement services in the last decade. Some of the city’s major employers include IBM, Fidelity Investments, and Cisco Systems. Additionally, Durham has a thriving healthcare industry, with major employers such as Duke University Health System, UNC Health Care, and Blue Cross Blue Shield of North Carolina. The city’s Research Triangle Park, located just outside of Durham, is also a hub for innovation and technology, attracting companies such as GlaxoSmithKline, IBM, and Biogen.
In recent years, Durham has become a popular destination for entrepreneurs and startups, with a growing ecosystem of resources and support for small businesses. The city has also seen a rise in its downtown area, with new restaurants, bars, and shops opening up and attracting visitors from all over the region.
While Durham has experienced significant economic growth, it has not been immune to the effects of the COVID-19 pandemic. Many businesses have had to adapt to remote work and new safety protocols, and some have unfortunately been forced to conduct reduction in force (RIF) measures. In response, Durham has provided resources for affected employees, including outplacement services and job training programs.
Overall, Durham is a dynamic and innovative city with a strong economy and a bright future. Its diverse industries, world-renowned universities, and growing startup ecosystem make it an attractive destination for job seekers and entrepreneurs alike.