Coronavirus recession ends the golden age for tech workers

The aspirational model was a company like Amazon. Famously focused on growth over profitability, Amazon proved that investors were willing to be forgiving indefinitely as long as it continued to grow and innovate.

FOR the past decade, Silicon Valley and its workers were big winners in a world of haves and have nots.

But the economic shock caused by the coronavirus is accelerating a tech-industry shift from prioritising growth to profitability, meaning rank-and-file workers will no longer be immune to the forces confronting so many workers throughout America. In short, there will be no V-shaped recovery for tech workers.