"Not so long ago, working in tech meant job security, extravagant perks and a bring-your-whole-self-to-the-office ethos rare in other industries," writes the Wall Street Journal.
But now tech work "looks like a regular job," with workers "contending with the constant fear of layoffs, longer hours and an ever-growing list of responsibilities for the same pay."
Now employees find themselves doing the work of multiple laid-off colleagues. Some have lost jobs only to be rehired into positions that aren't eligible for raises or stock grants. Changing jobs used to be a surefire way to secure a raise; these days, asking for more money can lead to a job offer being withdrawn.
The shift in tech has been building slowly. For years, demand for workers outstripped supply, a dynamic that peaked during the Covid-19 pandemic. Big tech companies like Meta and Salesforce admitted they brought on too many employees. The ensuing downturn included mass layoffs that started in 2022...
[S]ome longtime tech employees say they no longer recognize the companies they work for. Management has become more focused on delivering the results Wall Street expects. Revenue remains strong for tech giants, but they're pouring resources into costly AI infrastructure, putting pressure on cash flow. With the industry all grown up, a heads-down, keep-quiet mentality has taken root, workers say... Tech workers are still well-paid compared with other sectors, but currently there's a split in the industry. Those working in AI — and especially those with Ph.D.s — are seeing their compensation packages soar. But those without AI experience are finding they're better off staying where they are, because companies aren't paying what they were a few years ago.
Other excepts from the Wall Street Journal's article:
"I'm hearing of people having 30 direct reports," says David Markley, who spent seven years at Amazon and is now an executive coach for workers at large tech companies. "It's not because the companies don't have the money. In a lot of ways, it's because of AI and the narratives out there about how collapsing the organization is better...."
In some cases, companies post record revenue while still trimming head count.
Google co-founder Sergey Brin told a group of employees in February that 60 hours a week was the sweet spot of productivity, in comments reported earlier by the New York Times.
One recruiter at Meta who had been laid off by the company was rehired into her old role last year, but with a catch: She's now classified as a "short-term employee." Her contract is eligible for renewal, but she doesn't get merit pay increases, promotions or stock. The recruiter says she's responsible for a volume of work that used to be spread among several people. The company refers to being loaded with such additional responsibilities as "agility." More than 50,000 tech workers from over 100 companies have been laid off in 2025, according to Layoffs.fyi, a website that tracks job cuts and crowdsources lists of laid off workers...
Even before those 50,000 layoffs in 2025,
Silicon Valley's Mercury News was citing some interesting statistics from economic research/consulting firm Beacon Economics. In 2020, 2021 and 2022, the San Francisco Bay Area added 74,700 tech jobs But then in 2023 and 2024 the industry had slashed even more tech jobs -- 80,200 -- for a net loss (over five years) of 5,500.
So is there really a cutback in perks and a fear of layoffs that's casting a pall over the industry? share your own thoughts and experiences in the comments. Do you agree with the picture that's being painted by the Wall Street Journal?
They told their readers that tech workers are now "just like the rest of us: miserable at work."
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