Proclamations of the Bay Area’s post-pandemic demise may have been premature, as the generative AI boom injects new life into the tech hub.
Silicon Valley and the surrounding Bay Area has been at the epicenter of the technology industry for more than 70 years. In that time it has seen its population swell and ebb in tune with the industry at large. However, a global pandemic, transformative technological advancements, and financial upheaval has put the 1,800 square mile stretch under more scrutiny than ever before.
According to various sources, the region is still losing tech jobs due to (among other factors) labor-market corrections for early-COVID overhiring sprees and the end of the decade-plus “cheap money” era that had fueled the sector’s rapid growth through the 2010s.
