Tech companies are bloated with leeches. Mass layoffs are necessary in many companies.

In big tech??.. naw. Like with my situation, people leave on their own and the overlay people that fall back into their core business do stay valuable in the long run. The question is.. Is the core business strong even if growth projects are destined to fail?? Is that’s the case many of these tech companies aren’t going to be scared of non profitability in the short term that could be solved in the short that’ll lead to long term problems with glassdoor reputation hits and again.. the huge cost in hiring especially when your Glassdoor ratings suck and you have to pay double to lure someone to come work there that is a flight risk if they do come on board.

Reputation for workers is a big deal in tech because of this. Why do you think the first thing they do when they get their ipo money is put 50k orange juice machines in the office and pay Bon Jovi to play at their sales conference??

What Elon is doing is the exception. And it’s not even close. It’s why he probably thinks he’s a genius for zigging when everyone else zags. However he zigged his car right off the road and into the ditch and expects to get the highest bid for that car at Barrett Jackson.

 

You know you are talking to a CEO?

What do you know?

 

An example would be Tesla expanding into something like I dunno… aerospace. Maybe the battery engineers are taking up payroll if the business doesn’t take off but it wouldn’t be unheard of to take a loss to keep those engineers on board and fold them back into overlay engineer positions in auto. A lot of the people hired would leave anyways and the auto side might be looking at an engineer shortage down the line in two years anyways.

I think Tesla as a core business is strong but not more than a brand like VW or BMW. They aren’t Apple or Google though from an investment standpoint. The stock is destined to tank and then probably moderate. By that time I Elon will be long gone. The other shareholders im sure understand what Tesla is going to be long term and want him out so they can have a better grasp on not overextending their growth beyond their capability.

Also him sharing Nazi symbols on social media isn’t going to help their brand either. I’m sure they want him out and see him as the biggest problem.

 

I disagree entirely. The only way to improve your worth in this economy is to switch jobs every few years while you're young. Once you have a family, its a different story but my salary might be half of what it is today if I had just stuck with a single company. Annual raises of 5% can't compete with 20+% increases in pay for each jump. I used to switch jobs every two years because that is how you get big raises.

Now with that said, I have a family so I don't do any of that anymore. But to call people who bid up job offers in a good economy, "leeches" is absurd. Every employee should seek out the most value for their services (while balancing for priorities like stability, work/life balance, etc..). I myself have stayed away from hyper growth companies but not because employees there are entitled. It's actually the opposite. Those companies will sometimes work their employees into the ground. A company like Meta or Amazon is extremely demanding of its employees. At least in my line of work, I'd never ever get a 40-hour week at those companies.

The fact that these companies are now doing mass layoffs is a normal part of capitalism. But I'm not sure how this is somehow proof that workers are "entitled."

 

hehe . . I see those type of articles and thing . .. How the F do they think the laundry workers feel about it!!

Rocket River

 

This is also EXACTLY working in the oil & gas industry.

 

Sounds like the show SILICON VALLEY maybe more accurate than we thought

Rocket River

 

The Elites are happy about getting rid of the “leeches”….

OP definitely has no love for the common man.

 

I lived Office Space for several years

Rocket River

 

LOL….

Anyone who disagrees with you is either “woke”, “a leech”, or “evil”.

 

Idk. Before I got put on medical leave I was working over 60 hours a week for a tech company. But I was in sales, I don’t know how the other departments operate.

 

haha your bragging is so cringe!

you really need to turn it up man. You talk like you invented sex.

Ive been on the concorde several times nothing you say impresses me.

TURN IT UP

Crodie..turn me up
Crodie..turn me up

Got a fur on in Tampa, got me burning up

Shorty say she graduated, she ain't learn enough

 

Your CEO duties are lagging behind dude.