The era of happy tech workers is over

Facing uncertain economic times, tech chief executives are now optimising more for profitability than for growth at all costs, and workers are caught in the crossfire.

Tech chief executives are now optimising more for profitability than for growth at all costs, and workers are caught in the crossfire. PHOTO: UNSPLASH
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Silicon Valley as we know it – with its radically transparent company cultures, empowered employees, flat hierarchies and rarefied perks such as nap pods and free food – is quickly disappearing. And it is unlikely to return.

For nearly two decades, tech companies heralded an approach that centred on making workers happy with benefits that were intended to seamlessly integrate work and life. They made well-being programmes and unlimited vacation, initiatives that prioritised the whole person, standard employee benefits.

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