All the shitty CEOs start doing the same shit at the same time, because most CEOs are not exceptional workers or thinkers or innovators. They are simply the (in

All the shitty CEOs start doing the same shit at the same time, because most CEOs are not exceptional workers or thinkers or innovators. They are simply the (in)human conduits doing as much as possible to siphon money from their users to the shareholders and Board Member class. They follow the trends that their consulting firms tell them to follow (the same consultants that work at multiple companies within the industry), which is why we get massive hiring at the same time, massive layoffs at the same time, RTO at the same time. The US has allowed collusion and market coordination via 3rd parties (so we have, e.g., landlords sharing rental prices with a 3rd party consultant, who then combines this data and illegally collude to set prices but with a Computer instead of Bob). Modern-day capitalism has said "monopolies and huge conglomerates are good because they're EfFiCiEnT!!!" (though what kind of efficiency and to whom the efficiency gain are given is entirely ignored -- the efficiency to max profit is the only one that matters). > It's actually quite shocking to have been part of (and hearing about) meetings between CEOs where "new information from CMK (consumer market knowledge) indicates that smaller dev teams all onsite are the best way to do things" - and everyone gets the same "information" at the same time, and thus the entire market moves in that direction, as if it was a fixed horse race and they were acting on a secret tip they heard from their uncle... The same thing too when companies hire consultants to look at the "market wage" and then set salaries based on what the consultant said. Every worker at the same "market wage" with no incentives to be above that.