Tech employment in Silicon Valley is falling: Employment in the Information sector across San Francisco and the northern part of the Silicon Valley has fallen by -3,007 jobs since March, to 102,529, its lowest since October 2019. Since the August 2022 peak, the sector has shed -28,914 jobs, or -22%, erasing the entire pandemic-era hiring boom. By comparison, the decline during the 2001 recession was -17,719 jobs, or -26%. Meanwhile, employment in the Professional, Scientific and Technical Services sector in the same region has fallen -35,500 jobs since June 2022, a -13.2% decline, to 198,800 jobs, its lowest level since March 2019. For perspective, following the 2000 Dot-Com Bust, the sector lost -28% of its jobs through October 2003. The post-pandemic IT hiring boom in San Francisco has completely reversed.