‘The golden handcuffs are pretty real’: Tech struggles with job losses – The Australian Financial Review
There is an industry-wide feeling that setbacks such as widespread layoffs, the collapse of crypto and the Silicon Valley Bank failure are deflating Silicon Valley’s balloon.
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There have been many innovations in Silicon Valley over the past decade, but for people who aspire to work in the tech industry, the most transformative may be the assembly line it developed to ingest fresh-faced summer interns and spit out highly paid software engineers.
Tech companies have been so desperate for talent that, instead of hiring only for specific roles, many would make a “return offer” to every intern who met certain levels of proficiency.
Bloomberg Businessweek
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