Axios - Silicon Valley has always followed a boom-bust rhythm. But the most recent boom ran so long, many top players started to act immortal. So this torrent of layoffs is a sharp, shocking comedown for an industry that stood on top of the world just a year ago, Axios' Ina Fried writes in her weekly column, "Signal Boost." "It's been a more than decade-long party," said Margaret O'Mara, a University of Washington professor who studies the history of the technology industry... Across the industry last year, more than 1,000 tech companies laid off more than 150,000 people.
Online report of the Progressive Review. Since 1964, the news while there's still time to do something about it.
January 6, 2023
Tech's new shock
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