Business Maverick: The extraordinary exit of the women of Silicon Valley

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The resignation of YouTube chief Susan Wojcicki after 25 years at Google is another example of an unsettling trend in Silicon Valley: High profile women are heading for the exits.

Just this week, Meta chief business officer Marne Levine stepped down after 12 years at the social media juggernaut. Last year, Sheryl Sandberg left her role as chief operating officer of Meta.

Every company and every woman has their own story, but it’s no secret the pandemic was especially hard on women. By some estimates, some 2 million women left or lost their jobs between February 2020 and January 2022, while the number of men in the workforce remained about the same. Women leaders are also switching jobs at record rates according to a study by Lean In and McKinsey.

But she’s clearly taking a big step aside. Wojcicki’s name was always the first to be floated in talks about who might succeed Alphabet CEO Sundar Pichai. Now that seems unlikely. Other prominent women who’ve left top tech jobs and receded from the spotlight include former Yahoo CEO Marissa Mayer, former HP and Quibi CEO Meg Whitman and former IBM CEO Ginni Rometty. All were targeted with ferocious criticism for their job performance that at times could feel overly personal.

For Sandberg, the bigger problem is there just aren’t enough women in top tech jobs. “The issue is not women leaving,” said Sandberg, who joined the Google ads division in 2001, when Wojcicki was running it. “The issue is that there are so few of us in the first place. No one writes articles that men are leaving senior jobs. People leave senior jobs all the time. But because there are so few women in senior leadership it is more remarkable when that happens.

 

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