3 ms·
We were promised the roaring ‘20s. Instead the party’s over, every tech company is pulling back plans and preparing for a multi-year recession. The tone of the
by axg11 4y ago
We were promised the roaring ‘20s. Instead the party’s over, every tech company is pulling back plans and preparing for a multi-year recession.
The tone of these emails is odd to me. Dara is not stupid, he must know that Uber is bloated and over-engineered. If there is a long recession affecting their business, they will inevitably have to trim some of this fat. Surely _that_ is what was discussed with investors.
- lalos 4y agoSpecially the part of “most of our employees are below 30”, sounds like that sound bite is still fresh on the mind from that conversation with investors.
- strikelaserclaw 4y agoMost big tech engineers who went to SV in 2010's have experienced unprecedented appreciation to their equity and that forms their baseline of expectations. For a lot of people, it is not "oh my 100k a year equity grew to 300k a year", its my income per year grew 300k a year and my expectations are for 500k a year from now on. This is especially bizarre at companies which fail to make money because their business model is flawed, no amount of engineering talent can make a shitty business model functional. What this all means is that we are in for a slow down in the next ten years.