Almost 200,000 Job Cuts in Tech Pushes New Grads to Wall Street

Not long ago, tech seemed to promise more than virtually any other industry — more freedom, more perks and, for the lucky ones, more money. That made the calculus for young professionals easy. Forget 100-hour weeks. In tech, employees could work less for the same paycheck.

Things have changed in 2023. Tech companies have cut tens of thousands of jobs and lowered compensation for the select few who get offers. That has more young people giving finance a second look. Their thinking goes something like this: with the economy in flux, go to where the jobs are — or at least where fewer have been ...