The Tech industry meets its 2008 Wall Street moment
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
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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