Tech workers are finding out how companies want to run leaner.
Gone are the days where if you could code and show up with a CS degree you could get a job with a nice salary and bonus.
Offers are being pulled and layoffs abound.
2008 WS caught up with 2023 Silicon Valley
2023 Tech Layoffs End the Myth of Infinite Silicon Valley Jobs - Bloomberg
| +415 | Evercore Intern Seizure | 63 | 5h |
| +128 | UBS IB Americas has failed, now behind Santander and Stiffel | 34 | 11h |
| +97 | Sent my Claude prompt to 200+ Teams chat. MD wants to see me Monday. | 34 | 2h |
| +79 | deleted deleted deleted deleted deleted | 44 | 15h |
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| +57 | Some banks are overrated as fuck | 17 | 1h |
| +48 | Associate & Above IB exits | 18 | 1d |
| +47 | The good and bad with Wells Fargo | 17 | 54m |
| +42 | Tech to IB Pivot | 22 | 5h |
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Difference is tech will likely bounce back as it didn't get smacked with a ton of regulation like finance did post 2008.
Dot-com bubble burst was a sh*t show and I personally know of someone's startup who went from a 9 figure valuation to 0 in matter of months. 10 years later, tech became arguably the most attractive industry to work in for a 10+ year span.
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