Silicon Valley’s golden age fades as Big Tech layoffs continue:

"...the past year of rising interest rates and falling stock prices has shaken the industry, along with the San Francisco Bay region it dominates. Now, tens of thousands of #layoffs from #Google, #Microsoft, #Amazon, #Facebook and dozens of other companies have made it clear: The golden age is over."

Gift link; https://wapo.st/3HRYvzY #BigTechLayoffs

Lackluster earnings reports show Big Tech’s golden age is fading

Meta’s stock jumps 23 percent after the company forecasts more cuts, calling 2023 “the year of efficiency.”

The Washington Post