• Uriel238 [all pronouns]@lemmy.blahaj.zone
    link
    fedilink
    English
    arrow-up
    8
    ·
    1 day ago

    Can confirm. How Money Works talks about it (Here on YouTube) regarding the recent mass layoffs by big tech, first, by pressure through RTO mandates, then blaming layoffs on AI, only they got rid of too many people and their businesses couldn’t run.

    So why did they do it? Vindictiveness. Because of the great resignation during which workers had some negotiating power, and the C-suite resented that and wanted to show everyone who’s boss.

    I’ve been following the trend since the early 2010s when we realized that crunching development teams is useless for meeting deadlines, but dev companies crunch anyway, traumatizing the team.

    I’m pretty sure billionaires aren’t especially bright, rather started with generational wealth and then got richer through luck and ruthlessness, to the point that they only failed upwards. (There are a few exceptions who understand the social contract, but they really are exceptions.)

    And they surround themselves with sycophants so that their psyches are completely comfortable. They stop actually considering data or news that might hurt their feelings, which means they make bad decisions that cost their companies money.