The tech meltdown comes for Gen Z
An icon in the shape of a person's head and shoulders. It often indicates a user profile.One night in December, Thu Dang, a college senior in Minnesota who is majoring in data science, arrived in New York City to attend her soon-to-be employer's holiday party. The company, a high-flying tech startup, had flown her out for the event ahead of her start date in July and had gone all out on the night's theme: the Netflix series"Bridgerton.
Several top-ranked engineering schools told me that many Big Tech giants had been noticeably absent at their careers fairs since September. That means the competition for the few remaining positions is fiercer than ever."There are so many other new grads still looking for a job, and a limited number of junior positions that are available," says Jenny Koo, who lost her job offer with a tech company after completing her master's in computer engineering in December.
But that shift in thinking may prove to be bad news for Silicon Valley in the long run. Given the seismic downturn in tech, some students are rethinking their dreams of working for the Amazons and Googles and Metas of the world. Previously, the tech giants were seen as sure bets, largely because they were. Layoffs were rare: Once you were in, you were in. Sure, you had to work hard, but in return the company took great care of you.
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