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As tech giants lay off scores of workers amid a sector-wide downturn, employees who once considered the Silicon Valley companies a safe long-term bet are reconsidering their allegiances.
A year into the pandemic, Evan Spiegel was flying high. The chief executive of Snap Inc. said annual revenue growth of 50% or more was a "steady state opportunity" for the social media company, requiring no additional gains in audience or innovation.
The pandemic was a great time to be a tech worker, as business boomed, working remotely became standard and perks flowed like water. Now, things look less certain.