The article discusses the evolving landscape of employment in Silicon Valley, driven by a newfound approach where tech companies prioritize quality over quantity. This shift stems from a historic shortage of technical talent and a subsequent hiring boom during the COVID era, resulting in a more competitive environment for job candidates. Additionally, the rise of generative AI is altering the hiring dynamics, as AI can effectively perform code-related tasks, leading companies to seek fewer but exceptionally skilled employees. Overall, the traditional perks and lavish spending are diminishing as companies adapt to this changing environment.
The companies that won recruited and retained the best talent. The result was a race to lavish employees with juicy salaries and huge stock awards.
Generative AI is another big factor. Turns out, AI models are really good at writing and checking software code, changing the power dynamic between Big Tech and employees.
Collection
[
|
...
]