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With remote work, some growing tech companies see local workforces shrink


PowerSchool headquarters
Even as it's added 400 new employees, PowerSchool Holdings Inc. is seeing a decline of employees based at its Folsom headquarters. That mirrors a trend in tech.
DENNIS MCCOY | SACRAMENTO BUSINESS JOURNAL

See Correction/Clarification at end of article

Even as they have been growing staff, some Sacramento technology companies have seen their local employee numbers decline thanks to remote working.

Like Bay Area companies that have seen staff move inland with remote working, some Sacramento companies have seen staff move away as well.

“Since providing remote options, we have had some employees relocate to be remote within and outside the region," said Melissa Wenzel, spokeswoman for Folsom-based PowerSchool Holdings Inc.

PowerSchool (NYSE: PWSC) has seen its local employee count drop from 440 in 2021 to 331 this year, even as the company has added about 400 employees nationwide since it went public last summer. PowerSchool now has a total of just under 3,100 employees.

Auburn-based fintech company Riskalyze Inc. went from 165 local employees at the end of 2021 to 65 this year, with the company seeing employees now working remotely in nearly every state, said CEO Aaron Klein. The company’s main offices are in Auburn and Atlanta.

Folsom-based One Inc., which provides payment technologies to the insurance industry, has increased its hiring of remote employees in other states as a way to find tech workers in an increasingly tight hiring environment.

“We have seen a shift with the pandemic,” said Sarah Owen, chief product officer with One Inc. “We’ve done hiring all over the country.”

Not all companies are so open to the remote game on a permanent basis, however.

Sacramento nutritional meal delivery company Trifecta Nutrition Inc. allows for flexible remote working, but it wants most of its employees to be able to collaborate on site, said spokesman Bradley Hartman.

“We like to work across departments. There is value to having people in the same place,” he said.

Correction/Clarification
A statement from Sarah Owen was misattributed in an earlier version of this story.

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