In recent years, tech companies have drastically reduced the lavish benefits once offered to employees.
High salaries, health insurance, stock options, and perks like gym memberships and free food were once standard in the tech industry. However, economic uncertainty, cost-cutting measures, and the rise of artificial intelligence have led to a shift in priorities.
Many companies, such as Meta and Amazon, have scaled back or eliminated these benefits. AI advancements are also contributing to workforce changes, raising concerns about job security among tech workers.
While benefits are being reduced, companies are focusing on customizable options for employees, balancing profitability with satisfaction.
CHAPTERS:
0:00 How tech workers lost their lavish perks
1:01 Tech Industry
1:48 Tech Layoffs
2:35 Tech Job Market
3:47 Tech Workers
4:14 Tech Jobs Hunting
5:17 Labor Market
5:44 Tech News
6:58 Software Engineers Career
7:11 Big Tech Companies
7:32 AI vs Tech Workers
Produced by: Samantha Harvey
Edited by: Jacob Smith
Animation: Charlotte Brown
Additional Footage: Getty Images
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