AUSTIN – Investment management giant Pacific Investment Management Company LLC (PIMCO) has settled on Austin for its new technology office.
The company announced it chose the Texas capital for its third U.S. location in order to tap into the area's deep tech talent pool and to reach new clients.
When it went searching for a third U.S. office, PIMCO was attracted to Austin because of its lower cost of living, less competition for tech workers than California and New York, and a high concentration of technology companies.
PIMCO plans to grow its Austin headcount to 200 by the end of 2019, the majority of them new hires.
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