Rising interest rates, dampened growth and the public’s shifting views on Big Tech are giving experts pause
Huge layoffs at Snapchat, dramatic valuation drops at Meta and Apple, and hiring freezes at other Big Tech firms have given new fuel to an increasingly common question: Is Silicon Valley’s golden era coming to an end?
The answer is complicated, experts say. The tech industry has been on a run of impressive growth for some time, bolstered in recent years by a pandemic that forced most of the world online and sent demand for tech services booming. That explosion – and the high salaries and office perks that came with it – seems to be slowing.