Silicon Valley's Perks Culture is Largely Dead

Major tech companies are scaling back workplace perks amid industry-wide layoffs and increased focus on AI development. Google, Meta, and Salesforce have reduced or eliminated benefits ranging from massage services to retreat centers, marking a shift from the lavish 'perks culture' that defined Silicon Valley for two decades.

Netflix has informally shortened its parental leave, while Meta fired employees for misusing meal vouchers. The industry saw over 264,000 layoffs in 2023, suggesting the end of an era where companies competed for talent with luxury amenities

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