Large tech companies like Meta, Google, and Microsoft have recently been implementing new policies and metrics to cut costs as the economy has shown signs of slowing down. For many young tech professionals, these are large lifestyle changes as they have enjoyed competitive pay and perks for many years in the tight tech-sector labor market. Some employees even fear large layoffs as many of these companies have begun hiring slowdowns.
See "Tech companies begin to roll back employee perks and impose stricter performance measures as economy slows down ", Samantha Delouya and Kali Hays, Business Insider, October 27, 2022