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this post was submitted on 23 Dec 2023
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Technology
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I'm no fan of capitalism, but it is kinda working. These companies aren't seeing extended growth, so they are suffering. Sadly, that is being put on the workers instead of the leaders, and managers at a certain level are avoiding all blame and consequences. Internally, if you were to look at most of the tech companies that have made huge job cuts, you'll see dozens, if not hundreds of executives that were drafted from failing arms of the business to a new area entirely, days to weeks before layoffs. At both Google and Amazon, it's now basically an exodus sign for many when a VP moves from, let's say YouTube, over to Search.
It's why I really wish that the tech industry in particular was smart enough to unionize. The problem that tech faces is that many view it as a meritocracy, and they're happy to see widespread decline...as long as it doesn't affect them.