Business Insider featured Revelio Labs senior economist Reyhan Ayas in its analysis of how the 2022 and 2023 tech layoff wave was changing the relationship between technology companies and their employees.
After years of rapid hiring, high salaries, and expansive workplace perks, major technology companies began cutting jobs as they adjusted from pandemic-era growth.
Read the full story here.
Tech’s employee experience is coming back to earth
In “Tech companies spoiled workers for decades. Now layoffs are bringing them down to Earth,” Business Insider examines what that shift meant for workers who had grown accustomed to an unusually strong employment environment.
“The feeling was that it is so exceptionally, incredibly, out-of-this-world good,” Ayas told Business Insider. “I feel like that's been brought down to earth.”
At the time, companies including Google, Meta, Microsoft, and Amazon had announced more than 50,000 job cuts combined, part of a broader correction following rapid pandemic-era hiring.
Read the full Business Insider article for more on how the tech downturn changed the experience of working in the industry.
Read the full article: https://www.businessinsider.com/why-big-tech-companies-laying-off-spoiled-workers-perks-2023-2