As mass layoffs spread, is the party over for Silicon Valley?

A vibe shift is underway in Silicon Valley amid rising fears of a recession, slowing growth after report earnings through the pandemic, and antitrust scrutiny. Tech companies large and small, together with Google, Amazon, and Meta, are responding by laying off tens of hundreds of staff. A few of these corporations are preaching austerity and even asking their big workforces to behave like startups again.

The survival of Big Tech isn’t in query. What’s unclear is how Silicon Valley will attempt to adapt. Many Large Tech corporations are shrinking for the primary time of their histories, and it has been years since any of them have debuted a really world-changing services or products. Inevitably, the strikes these corporations make as they attempt to shift their companies and inner cultures could have ramifications that stretch far past the know-how trade, as tech corporations are likely to affect company America on the whole.

Comply with right here for all of Recode’s protection on the vibe shift occurring in Silicon Valley proper now.