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At the same time, ZIRP completely distorted the market and gave us multi-billion dollar companies that never had a workable business models, but filled offices
by nicbou 2y ago
At the same time, ZIRP completely distorted the market and gave us multi-billion dollar companies that never had a workable business models, but filled offices all over the world with useless employees. I really enjoyed having a chief happiness officer, but I don't think the company needed it.
- coffeebeqn 2y agoIt’s easy to have happy employees when you have infinite money and no pressure to ever build a sustainable product. Personal experience. Things do take a very sudden and powerful turn when the bubble bursts
- nyarlathotep_ 2y agoYep. This is part of the core of the unspoken reality in this article--there were/are way too many people, even in nominally "technical" roles, for a well-adjusted market. A large portion of this employment is a direct result of the "prosperity" of the ZIRP era, which has now ended.