The Washington PostThe Washington Post

Lackluster earnings reports show Big Tech's golden age is fading

By Gerrit De Vynck

03 Feb 2023 · 7 min read

Editor's Note

After years of profligacy, big tech firms are being forced to slash their wage bills, the Washington Post reports. Investors have responded positively, though the industry's future remains uncertain.

SAN FRANCISCO - In Silicon Valley, it felt like the boom times would never end.

The Big Tech companies that won dominance of the internet brought in billions of dollars a year, spending it on eye-popping salaries, gleaming offices and constant acquisition of smaller companies.

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