Tech Layoffs and the U.S. Mortgage Crisis: Why Silicon Valley’s Boom Has Turned Into a Housing Bust
Tech Layoffs and the Mortgage Crisis ― The Harsh Reality of the U.S. Economy --- Part I. The Layoff Tsunami Begins in Silicon Valley For decades, Silicon Valley has been the stage for some of the most dazzling growth stories in modern history. The popularization of the internet, the smartphone revolution, cloud computing, and the advancement of artificial intelligence (AI) all blossomed in this region. Companies like Google, Amazon, Meta, Apple, and Microsoft reshaped human life and turned the “Tech Dream” into a reality. But behind this glittering theater of innovation, another shadow has always existed: the inherent instability of mass layoffs. --- 🌀 The Pandemic Boom and the Sudden Chill During the COVID-19 pandemic, tech companies experienced an unprecedented boom. With the explosion of demand for remote work, e-commerce, and online streaming, Silicon Valley rushed to hire at record speed. Amazon hired hundreds of thousands of workers in a short span to meet surging on...