According to The Kobeissi Letter, Information Technology jobs in San Francisco and Northern Silicon Valley dropped to 107,700 in April 2025, marking the lowest level since June 2020. The sector has shed 25,400 jobs, a 19% decrease since August 2022. This significant contraction mirrors post-Dot-Com Bubble trends and signals a shift in tech sector stability. For crypto traders, this downturn could drive increased interest in blockchain and decentralized finance (DeFi) jobs, while also potentially impacting venture capital flows into Web3 projects and crypto startups. Source: The Kobeissi Letter, Twitter, June 20, 2025.