DA Davidson的技术分析师Tom Forte在谈到科技行业时说：
研究硅谷及其经济的非营利组织的首席执行官Russell Hancock说：“每个人都发现科技不仅很好，而且不可或缺。” 他补充说，现在发生的事情似乎是市场调整，这对硅谷来说是一种新鲜事物。不过他也担心随着流媒体服务和社交网络等产品越来越实用，科技行业的一些亮点和创新正在消失。
It has been replaced by an era in which layoffs and hiring have slowed, growth expectations have been slashed and expansion plans have been shelved. This malaise is damaging employee morale, affecting the ability of the technology industry to attract talent, and having a wide-ranging impact on US economic growth and innovation.
A grim new business environment emerges every day against the backdrop of a prolonged economic slowdown, fierce conflicts in Europe, rising interest rates and inflation, and the third year of the global epidemic.
Snap, a social media app, cut its sales and profit forecasts on May 23 and said it would slow hiring. The next day, ride-hailing company Lyft said it would lay off staff and seek other cost-cutting measures. Microsoft subsequently stopped hiring in several key departments, and Instacart, a cargo distribution company, said it would cancel recruitment plans ahead of IPO to reduce costs.
Tesla CEO Musk said in an email to Tesla executives on Thursday that the company needed to “cut jobs by about 10 per cent”. Coinbase, the cryptocurrency exchange, said it would extend the hiring freeze and cancel some accepted job offers depending on market conditions.
Amazon’s business is being affected by rapidly rising inflation costs. Facebook’s parent company, Meta, is cutting costs, and Twitter froze hiring and withdrew some job offers before Musk planned to buy Twitter. Apple warned in April that revenue fell by as much as $8 billion in the quarter.
The setback in corporate ambitions marks a shift in the atmosphere of an industry that once seemed indestructible and protected workers and investors from greater economic turmoil.
Fear of layoffs hangs over Silicon Valley
Tom Forte, a technical analyst at DA Davidson, said of the technology industry:
Since hitting an all-time high on Nov. 19, the Nasdaq composite index has fallen 1/4.
Layoffs have begun to haunt workers in Silicon Valley. From April 19 to May 19, there was a 13-fold increase in discussions about hiring freezes, a fivefold increase in discussions about layoffs and a 50-fold increase in discussions about the recession, according to the recruitment Exchange APP Blind.
According to Layoff, more than 126000 technicians have lost their jobs since the outbreak began. Netflix said last month that it would cut about 150 jobs after reporting an unexpected loss of users. The streaming giant’s share price has fallen 71% since mid-November.
Meta slowed the recruitment of many middle and senior positions at the company and reduced the recruitment of engineers with limited experience in April. In May, unfounded speculation that Meta was preparing a round of layoffs spread on social media, leading to the creation of the # metalayoff hashtag, which became popular on LinkedIn, and dozens of recruiters and employers began using tags to provide alternative job openings.
Twitter employees are preparing for potential layoffs as the company waits for the arrival of its new boss, Musk. Musk has said he will cut costs, and CEO Parag Agrawal sent a note to more than 7500 Twitter employees in early May explaining that social networks would start by reducing travel, marketing and event costs, and telling leaders to “strictly manage your budget and give priority to the most important things.”
Similarly, Dara Khosrowshahi, Uber’s chief executive, said in a memo to employees that the company “regards recruitment as a privilege and will carefully consider when and where to increase the number of employees”.
The technology industry is far from extinct.
The tech industry’s invincible aura may be fading, but Silicon Valley is far from dead.
The Internet bubble at the beginning of the 21st century once strangled the technology industry in the cradle, and during the 2008 financial crisis, the technology industry was still in its relative infancy. The difference this time is that the technology industry has matured and the epidemic has strengthened the importance and necessity of many technology products, providing them with some buffer against the economic damage caused by the shutdown at the beginning of the epidemic.
“everyone finds that technology is not only good, but also indispensable,” said Russell Hancock, chief executive of a nonprofit that studies Silicon Valley and its economy. ‘what ‘s happening now seems to be a market adjustment, which is new to Silicon Valley,’he added. But he also worries that some of the bright spots and innovations in the technology industry are disappearing as products such as streaming services and social networks become more useful.