The COVID-19 crisis has caused overnight shifts in how Silicon Valley companies hire and work with employees. Overall, the tech community is realizing that talent is equally distributed, but opportunity is not—and hiring practices post-COVID-19 will be forced to catch up to this truth. As we consider how the pandemic will impact our lives, here are five ways hiring in Silicon Valley will change forever.
Silicon Valley’s network effect will weaken
More than 69,000 startup employees have been laid off since March, the majority of whom are based in Silicon Valley. It’s very unlikely that they will land a job in the same city or state they reside in. I’d guess at least 25% to 30% will be open to remote work now, versus waiting for the perfect opportunity in a 10- to 20-mile radius. This will disperse great technical talent across the country (if not around the globe), weakening the network effect that’s historically come from tech employees’ geographical proximity to each…
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Source : fastcompany.com
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