> Corporations raking in higher and higher profits,
To what is this claim responding? Spotify only turned a profit in 1 of the last 5 quarters. It has never turned an annual profit.
I actually think the story is quite different here. Tech companies had been hiring like drunken sailors leading up to the pandemic. They're only in the last year rationalizing down to levels that are necessary and productive. I have close friends at a few FAANGs and the stories of bureaucracy, bloat, and entitlement are mind blowing. Meta/Facebook made the right move by taking a hatchet to middle management. Let's hope the other big ones do the same before the plague spreads further.
> Meta/Facebook made the right move by taking a hatchet to middle management.
They are all back( layer reduction was never really done in practice). It was just a dog and pony show. Meta is hiring aggressively again and middle management is bloated than ever before.
To what is this claim responding? Spotify only turned a profit in 1 of the last 5 quarters. It has never turned an annual profit.
I actually think the story is quite different here. Tech companies had been hiring like drunken sailors leading up to the pandemic. They're only in the last year rationalizing down to levels that are necessary and productive. I have close friends at a few FAANGs and the stories of bureaucracy, bloat, and entitlement are mind blowing. Meta/Facebook made the right move by taking a hatchet to middle management. Let's hope the other big ones do the same before the plague spreads further.