{"id":477574,"date":"2022-07-25T04:50:00","date_gmt":"2022-07-25T01:50:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/its-the-end-of-fantasyland-for-big-tech-and-its-workers\/"},"modified":"2022-07-25T04:50:00","modified_gmt":"2022-07-25T01:50:00","slug":"its-the-end-of-fantasyland-for-big-tech-and-its-workers","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/its-the-end-of-fantasyland-for-big-tech-and-its-workers\/","title":{"rendered":"#: It\u2019s the end of \u2018fantasyland\u2019 for Big Tech and its workers"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3ed75127413\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3ed75127413\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/its-the-end-of-fantasyland-for-big-tech-and-its-workers\/#%E2%80%9C_Its_the_end_of_%E2%80%98fantasyland_for_Big_Tech_and_its_workers%E2%80%9D\" >&#8220;: It\u2019s the end of \u2018fantasyland\u2019 for Big Tech and its workers&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/its-the-end-of-fantasyland-for-big-tech-and-its-workers\/#Tech_companies_are_starting_to_cut_back_and_workers_are_shocked_by_the_changes\" >Tech companies are starting to cut back and workers are shocked by the changes<\/a><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/its-the-end-of-fantasyland-for-big-tech-and-its-workers\/#The_great_work-from-home_debate\" >The great work-from-home debate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/its-the-end-of-fantasyland-for-big-tech-and-its-workers\/#Blasted_from_the_past\" >Blast(ed) from the past<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/its-the-end-of-fantasyland-for-big-tech-and-its-workers\/#Jon_Swartz\" >Jon Swartz<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9C_Its_the_end_of_%E2%80%98fantasyland_for_Big_Tech_and_its_workers%E2%80%9D\"><\/span>&#8220;: It\u2019s the end of \u2018fantasyland\u2019 for Big Tech and its workers&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Tech_companies_are_starting_to_cut_back_and_workers_are_shocked_by_the_changes\"><\/span>\n  Tech companies are starting to cut back and workers are shocked by the changes<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0001034487\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0001034487\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       After Big Tech grew in unprecedented and unchecked fashion for a decade, building ostentatious palaces to house growing workforces while plying them luxuriant freebies to keep them from defecting to rivals, is the wild ride over?<\/p>\n<p> Tech\u2019s largest companies, as well as their smaller competitors, are looking to cut back as they face a litany of headaches: Billions of dollars in unused commercial real estate; supply-chain and cost issues; evaporating funding; a 21% drop in global M&amp;A activity in the first half of the year to $2.2 trillion, according to new data from Refinitiv; an all-but-shut window on IPOs; wage inflation; talent retention.<\/p>\n<div class=\"paywall\">\n       The chief executives of Meta Platforms Inc.<br \/>\n        META,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205064656\/composite\" class=\"negative\">-7.59%<\/bg-quote><br \/>\n       and Alphabet Inc.\u2019s<br \/>\n        GOOGL,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202490156\/lastsale\" class=\"negative\">-5.63%<\/bg-quote><\/p>\n<p>        GOOG,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205453964\/composite\" class=\"negative\">-5.81%<\/bg-quote><br \/>\n       Google have warned employees of tough times ahead \u2014 with Mark Zuckerberg telling employees on the last day of the second quarter that the company faced one of the \u201cworst downturns that we\u2019ve seen in recent history\u201d \u2014and Microsoft Corp.<br \/>\n        MSFT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207732364\/composite\" class=\"negative\">-1.69%<\/bg-quote><br \/>\n      is slowing hiring in some groups and eliminating a few jobs. Even the world\u2019s most valuable company, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>le Inc.,<br \/>\n        AAPL,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202934861\/composite\" class=\"negative\">-0.81%<\/bg-quote><br \/>\n       reportedly plans to scale back hiring and spending, after profligate spender Amazon.com Inc.<br \/>\n        AMZN,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210331248\/composite\" class=\"negative\">-1.77%<\/bg-quote><br \/>\n      signaled cutbacks earlier this year.  Other high-flying tech players in recent years, such as Netflix Inc.<br \/>\n        NFLX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202353025\/composite\" class=\"negative\">-1.54%<\/bg-quote><span>,<\/span><br \/>\n       Snap Inc.<br \/>\n        SNAP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205087158\/composite\" class=\"negative\">-39.08%<\/bg-quote><br \/>\n       and Lyft Inc.<br \/>\n        LYFT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208999293\/composite\" class=\"negative\">-4.45%<\/bg-quote><br \/>\n       are making similar or more drastic moves, and many startups are in much worse shape. <\/p>\n<p><strong>See also: Tech companies are shifting to layoffs after a huge ramp up in hiring<\/strong><\/p>\n<p>All of these are signs of vexing changes coming to the industry after a boom during the first two years of the pandemic, when tech companies indulged in a frenzy of hiring and spending and allowed some employees cushy work-from-home schedules. But inflation, supply-chain woes, the war in Ukraine and the prospects of recession could impede what venture-capital legend Bill Gurley called a \u201cDisney-esque\u00a0set of experiences\/expectations in high tech companies.\u201d<\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetTweet\n            inline\n    scope-web|mobileapps\n  article__inset\n          article__inset--type-InsetTweet\n            article__inset--inline\n  \"><\/p>\n<div class=\"dynamic-inset-container article__inset__dynamic\">\n<style>\n            iframe.twitter-tweet {\n                width: 100% !important;\n            }\n        <\/style>\n<blockquote class=\"twitter-tweet\" lang=\"en\"><p>\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/bgurley\/status\/1537156299070111744\"><\/a>\n            <\/p><\/blockquote>\n<p>        <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p><\/div>\n<\/p><\/div>\n<p>       The perfect storm of economic calamity has led one legendary executive to predict nothing short of a \u201cbloodbath in the tech market\u201d for the next one to three years that could dramatically change the culture and business structure of companies in Silicon Valley and beyond for the foreseeable future.<\/p>\n<p>\u201cIt\u2019s going to be a lot of pain, and a lot of people will get hurt,\u201d C3.ai Inc.<br \/>\n        AI,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/222990672\/composite\" class=\"negative\">-13.79%<\/bg-quote><br \/>\n       CEO Tom Siebel told MarketWatch. \u201cWe had this SPAC, NFT, crypto craziness. The days of everyone making lots of money, working at home in pajamas, being paid in bitcoin, that\u2019s over.<\/p>\n<p>\u201cBefore this is over, there will be lots of empty commercial real-estate buildings like we saw in 2000-\u201901 in Silicon Valley,\u201d Siebel added. \u201cNot as many, but a lot.\u201d<\/p>\n<p>Employees are especially feeling the pinch. A recent LinkedIn <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/andrewmseaman_gethired-getahead-keepingthebalance-activity-6943251159801303040-JgHv?utm_source=linkedin_share&amp;utm_medium=member_desktop_web\" class=\"icon none\">poll<\/a> revealed 60% of respondents were either worried or very worried about their careers because of economic uncertainty. <\/p>\n<p><strong>Read: The Great Renegotiation \u2014 Millions of employees quit old jobs for better ones<\/strong><\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>\u201cCamelot is over for them. It\u2019s over,\u201d Hilary Kramer, a nationally-renowned investment analyst and portfolio manager, told MarketWatch. \u201cThis growth was not sustainable, and COVID undoubtedly helped prolong strong results for Amazon, Apple, Netflix, Microsoft and all the video<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> makers.\u201d<\/p>\n<p>Tech giants flush with billions in cash aren\u2019t crying poor, but with a possible recession on the horizon, even those with the deepest pockets have a strong motivation to watch their bills. Imagine, then, the quandary for smaller companies dependent on funding with little chance of going public anytime soon, or those stuck in the middle.<\/p>\n<p>Qualtrics International Inc.<br \/>\n        XM,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/224172508\/composite\" class=\"negative\">-5.92%<\/bg-quote><br \/>\n       CEO Zig Serafin picked up on a depressing vibe after speaking with about 100 CEOs in Europe over the past 90 days. Their concerns over interest rates, inflation, supply-chain constraints, talent retention and geographical uncertainty has prompted a \u201chealthy level of caution\u201d going forward for the  experience-management platform company. Though demand for Qualtrics\u2019 software remains strong, he said some deal cycles are going through more approval among cost-conscious customers.<\/p>\n<p>\u201cRemember this whole Roaring \u201820s thing? The feeling was, \u2018Hey, we have to go big,\u2019 and some companies overspent and over-hired,\u201d Vijay Chattha, CEO of VSC, said.  <\/p>\n<h6><span class=\"ez-toc-section\" id=\"The_great_work-from-home_debate\"><\/span>The great work-from-home debate<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>Fledgling enterprise-software companies dependent on funding to grow operations face especially tough sledding, said Appian Corp.<br \/>\n        APPN,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203658597\/composite\" class=\"negative\">-5.40%<\/bg-quote><br \/>\n       CEO Matt Calkins, who agreed with Gurley that Silicon Valley workers lived in a \u201cfantasyland\u201d of higher pay and perks for the past few years.<\/p>\n<p>One likely consequence, Calkins said, is a forced return to dazzling business parks like Apple Park and the Googleplex, where \u201cwe<strong> <\/strong>are wasting a lot of money on commercial real estate.\u201d<\/p>\n<p> \u201cCEOs believe in-person work is more productive,\u201d he said.<\/p>\n<p>As the companies look to cut costs in the form of layoffs, reduced <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a> and fewer hires, another tactic is to require workers to return to the office and say goodbye to those who will not. A vast majority of tech employees have been loath to return to the office despite efforts by the largest tech giants.<\/p>\n<p><strong>For more: How to handle the dreaded \u2018return-to-work\u2019 Zoom call with your boss<\/strong><\/p>\n<p>\u201cIt was a remarkable, anomalous era for work: To be paid so much and to work in ideal conditions,\u201d Calkins said. \u201cBut to paraphrase Bill Gurley, the days of fantasyland are over.\u201d<\/p>\n<p>Google and Meta have brought employees back to the office at least twice a week.   Meta\u2019s offices were opened at full capacity on March 28, though anyone who can do their job remotely can apply for full-time remote work. The company offers a flexible hybrid schedule where Individual teams determine how often to gather in the office.<\/p>\n<p>Apple was ready to make the move this summer but postponed in May after more than 1,000 current and former employees signed an open letter calling the plan inefficient, inflexible and a waste of time. Microsoft does not mandate employees return to the office, but considers it standard to drop in 50% of the time. Employees can request more flexibility to their schedules.<\/p>\n<p>In January, about half of leaders said their company required or planned to require employees to return to in-person work full-time in the next year, according to research from\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.microsoft.com\/en-us\/worklab\/work-trend-index\" class=\"icon none\">Microsoft<\/a>, which surveyed 31,102 workers around the world between January and February. Yet just 4% of employers said they require all employees to return to the workplace full-time, based on a survey of employers from the Conference Board. <\/p>\n<p>Many companies are making the hybrid experience a \u201cpermanent reality,\u201d with more productivity tools such as digital white boards, smart galleries, and workspace reservation areas,  Zoom Chief Operating Officer Aparna Bawa told MarketWatch.  \u201cThere are more tools at your disposal,\u201d she said.<\/p>\n<p>Those that do not walk that path, though, could take the departures of workers who do not want to return with a sigh of relief, as it means they can avoid another layoff and the severance that would come with it. The dynamic feels like a complete turnaround from a year ago, when many tech workers were considering walking away, especially if companies required them to return to the office. <\/p>\n<h6><span class=\"ez-toc-section\" id=\"Blasted_from_the_past\"><\/span>Blast(ed) from the past<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>Feeding the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> paranoia and caution are notes from financial analysts, such as one predicting an \u201cappocolypse,\u201d or the bursting of the mobile-app bubble.<\/p>\n<p>\u201cWe define this tech bear market as an era when expenses require greater justification with regard to [return on invested capital] and [customer lifetime value to customer acquisition cost], money is no longer free flowing, and nearer-term fundamentals matter more than the long-term dream,\u201d Bernstein analyst Mark Shmulik said in an ominous July 13 note.<\/p>\n<p>\u201cThe problem with this approach is that the companies get stuck in a lower growth environment in order to keep margins in check, leading investors to question the growth story \u2014 a vicious flywheel,\u201d Shmulik cautioned.<\/p>\n<p><strong>Don\u2019t miss: The cloud boom is coming back to earth, and that could be scary for tech stocks<\/strong><\/p>\n<p>But Rob LoCascio, the longtime CEO of LivePerson who went through the dot-bomb bust in the early 2000s, sees the current slowdown as a pale imitation of what happened then, and as more of a correctional era.<\/p>\n<p>\u201cBack in the early 2000s,  we had to restructure the company in 2001 after laying off most of our staff, 140 of 180, because we were losing customers by the hour,\u201d LoCascio told MarketWatch. \u201cHalf of our customers were dot-coms.  The situation isn\u2019t as dire this time around. We are trimming rather than slashing. There is an overreaction this time by the stock market.\u201d<\/p>\n<\/p>\n<\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Jon Swartz\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/author\/jon-swartz\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/jswartz\",\"text\":\"@jswartz\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"http:\/\/www.marketwatch.com\/news\/mailto:jswartz@marketwatch.com\",\"text\":\"jswartz@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Jon_Swartz\"><\/span>Jon Swartz<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><ufc-follow-author-widget product=\"marketwatch\" author-id=\"215_MW\" author-name=\"Jon Swartz\" signin-url=\"https:\/\/accounts.marketwatch.com\/login?target=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fits-the-end-of-fantasyland-for-big-tech-and-its-workers-11658501167%3Frss%3D1%26siteid%3Drss\" panda-api=\"https:\/\/follow-api.marketwatch.com\"><\/ufc-follow-author-widget><\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-7FC8-F73B23A60419%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;: It\u2019s the end of \u2018fantasyland\u2019 for Big Tech and its workers&#8221; Tech companies are starting to cut back and workers are shocked by the changes After Big Tech grew in unprecedented and unchecked fashion for a decade, building ostentatious palaces to house growing workforces while plying them luxuriant freebies to keep them from defecting&#8230;<\/p>\n","protected":false},"author":1,"featured_media":477575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.mktw.net\/im-586452\/social","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-477574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/477574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=477574"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/477574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/477575"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=477574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=477574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=477574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}