At Amazon and other tech companies, the second half of last year was marked by hiring freezes, layoffs and other cost-cutting measures at a number of household names in Silicon Valley. But if 2022 was the year the good times ended for these tech companies, 2023 is already shaping up to be a year when people at those companies brace for how much worse things can get.
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A perfect storm of factors have forced a dizzying reality check for the once high-flying tech sector, making it one of the biggest losers of 2022. Here’s a review of what happend.
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In a case that exposed Silicon Valley’s culture of hubris and hype, Elizabeth Holmes was convicted Monday of duping investors into believing her startup Theranos had developed a revolutionary medical device that could detect a multitude of diseases and conditions from a few drops of blood.
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As remote working becomes the norm in the wake of the pandemic, and people become disgruntled with the cost of living and high taxes in places like California, a growing list of techies are fleeing big metros. Topping their relocation lists: North Carolina.
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So why did these tech executives and thought leaders decide to move to the Triangle? Several share their stories with WRAL TechWire correspondent Chantal Allam.
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The pandemic has triggered a tech migration, and local VCs and execs say the Triangle is among the top beneficiaries. Find out more here.
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Compared to regions like Silicon Valley and New York City, real estate in the Triangle to house these big tech companies and the big brains that make them successful is relatively affordable.
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Southwest Airlines will soon offer a once-per week nonstop flight from Raleigh-Durham International Airport to San Jose, California.
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Voters in San Francisco approved a tax increase on the city’s largest businesses that would nearly double its budget for homeless services, a measure seen as an effort to hold wealthy technology companies accountable for exacerbating the local housing crisis.
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