b2b-daily
Home | HRTech | Payroll

The Collapse of Silicon Valley Bank and its Impact on Employees

Avatar photo
by Jaime Walker
March 13, 2023
Image Credit: Adobe Stock
The Collapse of Silicon Valley Bank and its Impact on Employees

The collapse of Silicon Valley Bank has prompted the FDIC to offer an employee retention program, while Brex is offering emergency credit to those affected.

Silicon Valley Bank (SVB) was once viewed as a promising tech-focused institution, but its recent collapse has sent shockwaves through the financial industry. Regulators have closed SVB and seized its deposits, making it the largest U.S. banking failure since the 2008 financial crisis and the second-largest banking failure in U.S. history.

The failure of SVB has been attributed to several factors, including heightened competition in the sector and a drop in the value of certain investments. Nevertheless, its collapse has also had a considerable impact on its employees and customers.

Following the collapse, the Federal Deposit Insurance Corporation (FDIC) is providing SVB employees with a 45-day employment opportunity at one and a half times their salary through an employee retention program. Additionally, fintech lender Brex has offered emergency bridging credit to the affected companies.

Explore more

Hotels Must Rethink Recruitment to Attract Top Talent
December 12, 2025

With decades of experience guiding organizations through technological and cultural transformations, HRTech expert Ling-Yi Tsai has become a vital voice in the conversation around modern talent strategy. Specializing in the integration of analytics and technology across the entire employee lifecycle, she offers a sharp, data-driven perspective on why the hospitality industry’s traditional recruitment models are failing and what it takes

Trend Analysis: AI Disruption in Hiring
December 12, 2025

In a profound paradox of the modern era, the very artificial intelligence designed to connect and streamline our world is now systematically eroding the foundational trust of the hiring process. The advent of powerful generative AI has rendered traditional application materials, such as resumes and cover letters, into increasingly unreliable artifacts, compelling a fundamental and costly overhaul of recruitment methodologies.

Is AI Sparking a Hiring Race to the Bottom?
December 12, 2025

Submitting over 900 job applications only to face a wall of algorithmic silence has become an unsettlingly common narrative in the modern professional’s quest for employment. This staggering volume, once a sign of extreme dedication, now highlights a fundamental shift in the hiring landscape. The proliferation of Artificial Intelligence in recruitment, designed to streamline and simplify the process, has instead

Is Intel About to Reclaim the Laptop Crown?
December 12, 2025

A recently surfaced benchmark report has sent tremors through the tech industry, suggesting the long-established narrative of AMD’s mobile CPU dominance might be on the verge of a dramatic rewrite. For several product generations, the market has followed a predictable script: AMD’s Ryzen processors set the bar for performance and efficiency, while Intel worked diligently to close the gap. Now,

Trend Analysis: Hybrid Chiplet Processors
December 12, 2025

The long-reigning era of the monolithic chip, where a processor’s entire identity was etched into a single piece of silicon, is definitively drawing to a close, making way for a future built on modular, interconnected components. This fundamental shift toward hybrid chiplet technology represents more than just a new design philosophy; it is the industry’s strategic answer to the slowing