Tech jobs: The endless buffet starts to run out.
In: Week, Jg. 24 (2024-02-23), Heft 1170, S. 20-20
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The tech industry in Silicon Valley is experiencing a shift as job security, once a distinguishing perk, becomes less certain. Large layoffs by prominent tech companies have created a sense of unease, with over 32,000 tech workers losing their jobs so far this year. Even though the overall U.S. employment grew and the tech industry added workers, the recent cuts suggest a change in Silicon Valley's reality. Companies like Google are also experiencing a glum mood, with rolling job cuts impacting experimental projects and employees becoming reluctant to explore new ideas. Tech giants are trying to become leaner after overhiring during the pandemic, evaluating their workforces and focusing on new areas of investment like generative artificial intelligence. However, tech layoffs have become an accepted fact of economic life, with automation replacing humans and diverting money to stock buybacks and dividends. Tech workers are now facing the same uncertainties as workers in other industries. [Extracted from the article]
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Tech jobs: The endless buffet starts to run out.
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Zeitschrift: | Week, Jg. 24 (2024-02-23), Heft 1170, S. 20-20 |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
ISSN: | 1533-8304 (print) |
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