But experts say the impact has been somewhat mitigated by an industry realignment that’s led to significant hiring even as thousands of positions have been cut.
Two years of wrenching tech layoffs have weighed down the Bay Area’s job market in a big way — but experts say the impact has been somewhat mitigated by an industry realignment that’s led to significant hiring even as thousands of positions have been cut.
“Many companies over-hired during the pandemic,” said Bajarin. “Questions are arising about the overall economy, with inflation, interest rates and so forth.” During the dot-com era, countless dot-com companies beguiled investors with visions of profits conjured by business plans that in some cases were simply bad ideas, and in other cases were somewhat ahead of their time. The ensuing massive layoffs jolted Silicon Valley and the rest of the Bay Area.
But other companies, and even some of those laying off workers, are hiring, meaning matters are far from hopeless, even for displaced tech workers.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Spectrum Bay News 9 | Tampa Bay Area News, Weather & TrafficSpectrum News Bay News 9 is your source for local and breaking news in the greater Tampa Bay area.
Read more »
Bay Area Officials and Advocates Reaffirm Commitment to Women's Reproductive Health CareBay Area public officials and abortion rights advocates gathered in San Francisco to reaffirm their commitment to protecting and expanding women's reproductive health care access. The overturning of Roe v. Wade has led to extreme abortion bans in many states, leaving millions of women without access to safe and legal abortion services.
Read more »
Widespread power outages remain, multiple schools closed after powerful Bay Area stormHundreds of thousands of people across the Bay Area remained without power early Monday morning, as an atmospheric river storm packing heavy rain and intense wind left behind damage across the region.
Read more »
Live storm updates: Some schools remain closed Tuesday as 85K still without power in Bay AreaA number of schools in Sonoma County will remain closed Tuesday due to power loss and storm-related issues. Here's the latest.
Read more »
Still no power for tens of thousands in Bay Area days after bomb cyclone stormTens of thousands of Pacific Gas and Electric customers in the Bay Area woke up Wednesday still without power three days after damaging winds from the bomb cyclone storm knocked down trees and power lines across the region.
Read more »
Tech companies slash more than 3,900 Bay Area jobs in 2024 as layoffs widenCutbacks fueled by hundreds of staffing reductions in February hint at a forbidding year for the crucial industry.
Read more »