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Yeah Big tech is running out of ways to grow profits YoY. So the next solution is the consulting approach of just laying people off. Eventually it will catch up
by makestuff 2y ago
Yeah Big tech is running out of ways to grow profits YoY. So the next solution is the consulting approach of just laying people off. Eventually it will catch up to them and they will become the next IBM/Boeing/etc. where people ask what happened to these companies they used to be great.
Bezos said in an all hands one time amazon would go out of business in 50-60 years and that is happens to every company eventually. I think you get too big and too bureaucratic where everyone is just looking out for themselves because you are more worried about getting laid off or fired than you are building great products.
- teeray 2y ago> you are more worried about getting laid off or fired than you are building great products Just like the government: you are more worried about your re-election campaign than serving your constituents. Where those two align, great, but the priority is remaining in office.
- relaxing 2y ago> Bezos said in an all hands one time amazon would go out of business in 50-60 years and that is happens to every company eventually. That’s a weird thing for him to say because a) it’s patently false and b) he might still be alive at that point and would need to liquidate his AMZ holdings before everyone else who believes his prediction does.