Business | The sack of Silicon Valley

Where have all the laid-off tech workers gone?

Employment in the technology industry has reached an inflection point

FILE PHOTO: A cyclist rides past the Meta sign outside the headquarters of Facebook parent company Meta Platforms Inc in Mountain View, California, U.S. November 9, 2022. REUTERS/Peter DaSilva/File Photo — Image: Reuters

Mar 27th 2023

To understand the shift in tone that has taken place in Silicon Valley in recent months, look no further than Mark Zuckerberg’s declaration in February that 2023 would be the “year of efficiency”. It is hardly the kind of language to set the pulse racing—unless you are an employee on the receiving end of it. On March 14th Meta, the tech giant Mr Zuckerberg runs, announced it would fire 10,000 staff—on top of the 11,000 it laid off last November.

This article appeared in the Business section of the print edition under the headline “The sack of Silicon Valley”