Is Silicon Valley Collapsing? Layoffs Continue

Technology giant companies continue mass layoffs. Meta announced that it will lay off 11 thousand and Amazon 10 thousand people. In Twitter, which laid off half of its employees, hundreds of people resigned after Elon Musk pressured his employees to "either work more or resign", and some offices of the company were closed for precautionary purposes. According to the Layoffs.fyi website, which tracks layoffs in the industry, more than 120 thousand positions have been closed worldwide.

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They Take Precautions

Stating that the high inflation following the Covid 19 pandemic, the increase in interest rates and costs, geopolitical tensions, the energy crisis that became evident with the Russia-Ukraine war led to a slowdown in the global economy, Academic Writer Ecehan Ersöz said:

Recruitment Under Review

Stating that in 2021 and during the pandemic, the high rate of recruitment was reviewed, Ersöz said:

Protecting Silicon Valley's Sustainability

Noting that what happened was not exactly the collapse of Silicon Valley, Ersöz said:

They Will Behave More Cautiously

Pointing out that the era of 'growth against all odds' in the technology industry has come to an end, Ersöz said,

New Startups Will Emerge

Pointing out that the crisis can also have positive aspects, Ersöz said,

May also affect Turkey

On whether the wave of layoffs will affect Turkey, Ersöz said: