How Jobs Are Changing in Silicon Valley

COVID-19 has led to major changes in companies based out of Silicon Valley. In May, Uber had to slash 3,700 positions, Airbnb cut down 1,900 positions and Lyft fired or furloughed more than 1,000 employees, and this was just the beginning. Around 69,000 startup employees have lost their jobs beginning from March, a wide margin of them being from Silicon Valley. Not all tech giants are suffering though. Facebook and Apple report no inclination towards cutting jobs and Google asserts that it will be slow-hiring. Amazon had to add 175,000 more workers to deal with the surge in online shopping.

The recent layoffs mean that a good percentage of workers will be up for remote work which will help in the even distribution of technical talent all over the country. If employees can work from anywhere, they can also be hired from anywhere. Twitter may even let employees to permanently work-from-home. According to a poll, over 25% of tech workers are ready to stick to their new routines. The coronavirus outbreak has led to 85% of workers in the consulting & research sector, 84% in the insurance sector, and 68% in the legal sector to do their jobs remotely. Similar disruptions are common in all other major sectors as well. These employees report wanting to continue working remotely permanently or working from home more often than was possible previously.

CNBC|SurveyMonkey Q2 2020 Workforce Survey

https://www.cnbc.com/2020/05/19/how-silicon-valley-work-from-home-forever-will-hit-every-worker.html

As remote working gains more ground, it will directly affect the size and diversity factors of the employees. While major companies have been trying their best to diversify their workforces, the percentage of Black and Latinx employees at Google, Facebook, Apple has increased by a mere percent since 2014. As skills gain forte over the location, there is a chance of the diverse and inclusive workplace becoming reality. Adherence to social distancing rules will also mean a decrease in the number of on-campus booths at college career fairs. With virtual hiring becoming common practice, pedigree will gradually become less important. Companies relying on the best colleges or universities when searching for new employees leave out skills that are more important than pedigree. While the job industry itself has seen major upheavals, the impact on Silicon Valley has not been as severe due to its massive tech background. However, only time can show us the final picture and the long-term impact that the coronavirus will have made on the tech-world in general and on Silicon Valley in particular.

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