Posted 2/3/2024, 2:37:42 PM
Tech Layoffs Continue Despite Overall Job Growth, Changing Silicon Valley Culture
- Tech companies like Google, Amazon, and PayPal conducting massive layoffs in 2023 despite strong overall US job growth
- Over 260,000 tech workers laid off in 2022 due to overhiring during pandemic and high interest rates
- Layoffs continuing into 2024 as companies cut costs to satisfy investors after stock declines
- Loss of job security and perks changing culture of Silicon Valley and tech industry
- Laid-off workers struggling to find new jobs even with extensive experience