The sucky reality is that employees at big tech companies have little interest in running a sustainable and resilient business. We want constant team growth, never-ending promotions, ever-growing salaries. If another company is growing more aggressively and paying even less sustainable salaries, we tend to jump ship. It's not necessarily wrong, but we really shouldn't act surprised when that backfires every now and then.
Tech leadership bears blame for nourishing that "there's no tomorrow" / "growth will continue forever" culture, but it's such an unhelpful take to portray this as some sort of a class struggle with shareholders. Especially since for a good number of big tech companies, shareholders don't actually have much say and founders hold controlling interests.
Tech leadership bears blame for nourishing that "there's no tomorrow" / "growth will continue forever" culture, but it's such an unhelpful take to portray this as some sort of a class struggle with shareholders. Especially since for a good number of big tech companies, shareholders don't actually have much say and founders hold controlling interests.