The thousands of teachers who may get a pink slip from Mayor Bloomberg this spring may want to send him their résumés in return.
Bloomberg LP is now the fastest growing employer in the city, Crain's New York Business reports.
The company has added 1,800 jobs in the city since 2008 and plans to add 1,600 more this year to its Manhattan force of 6,500.
The impressive growth came in face of a national recession and in the wake of the mayor's aggressive pitch for a third term - that the city needed his experience to survive through tough financial times.
It turns out his company did better than survive, and while the mayor does not run the company's day-to-day operations, he is the majority owner of the privately-held company and has a say in big decisions.
Most of the new hires have been techies and salespeople to help develop the company's "cash cow," known as the Bloomberg Terminal. The platform provides data and analysis of financial markets to businesses and brings in about 85% of the company's $6.9 billion in annual revenues.
While Bloomberg LP acquired BusinessWeek in 2009 and created new research services, such as Bloomberg Law, Bloomberg Government and Bloomberg Sports, it has been the continued development of the terminals in a highly competitive environment that spurred the growth.
More than 500 research and development technicians will be hired this year alone
.It would be interesting to see an investigation of just how it is that Bloomberg has managed to do so well during a timeframe when so many other companies weren't doing so well.