Editorial: Big Tech is suffering its first setback, but it will adapt and bounce back

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While the sector’s difficulties, if they continue, will have a marked effect across our economy, they could also be a catalyst for change

The world’s internet and technology companies have been on a hiring spree almost since the day Silicon Valley was established.

As they grew from start-ups to globe-spanning giants, tech companies took on the best graduates from the best universities, sought the most technically gifted, or hired the armies of content moderators required when social media became a free-for-all. Meta Platforms, owner of Facebook, employed 45,000 people in 2018; today it has 85,000.

 

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