Layoffs at Amazon, Meta, and Twitter signal a major shift in Silicon Valley - Vox

Why Big Tech’s glory days are coming to a close.

Technology Silicon Valley layoffs aren’t just a cost-cutting measure. They’re a culture reset. Why Big Tech’s glory days are coming to a close. by Amanda Lewellyn Nov 17, 2022, 1:00 PM UTC As the economy worsens and inflation rises, investors are looking for safer bets, and tech companies are coming back to Earth. Tayfun Coskun / Anadolu Agency Amanda Lewellyn was a tech-focused Today, Explained producer. A wave of significant layoffs is crashing across Silicon Valley. Meta CEO Mark Zuckerberg cut 11,000 employees, or 13 percent of Facebook . Amazon has confirmed plans to slash as many as 10,0

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