Silicon Valley Software Engineers Horrified as They Can't Easily Find Jobs Anymore

Quick Summary:

Fueled by generous government subsidies and the pandemic economy, tech companies went on a hiring spree, promising unlimited PTO and upward growth opportunities at open offices where kombucha flowed from every tap.

A wave of mass layoffs is ravishing the tech industry as startup fails skyrocket and tech giants shovel their operating budgets into the AI furnace.

Back in 2021, the tech industry was booming.

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Article Details

Author / Journalist: Joe Wilkins

Category: Technology

Markets: United StatesCanadaChinaFranceGermany

Topics: Silicon valley Layoffs Future Society Labor Ai

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-13 @ 19:15:13 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: futurism.com

Language: English

Article Length: 560 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Futurism

News ID: 26128652

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About Futurism

Main Topics: Technology

Official Website: futurism.com

Update Frequency: 10 posts per day

Year Established: 1997

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #68

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