The economy has become too volatile, and workers are no longer safe. The lurching back and forth from good to bad times has accelerated, causing workers to feel lost and confused. Only a year or so ago, everything seemed fine. Record inflation, high-interest rates and soaring costs are eating into everyone’s paychecks. Jobs for white-collar workers were seemingly ubiquitous, but now switching jobs is harder. The tech sector aloneAmericans are contending with fear, uncertainty and doom.
After many years of catering and pampering tech workers, tech firms are implementing cost-cutting initiatives. The change in tone is voiced by venture capitalist Keith Rabois, a general partner at Founders Fund, known for his big wins in investing in PayPal, LinkedIn and Square at early-stage investment rounds, said that the tech sector has too much"
" and too many people were hired as a “vanity metric” to help managers build their egos and fiefdoms.On Thursday, SVB, the 16th largest bank in the United States, experienced a
'managers managing managers, managing managers' etc. Kinda agree on that. Too many folks looking at other people doing the actual work.
I do believe there are plenty of 6 figure “ consulting” jobs out there for non profits. Good luck.
Disappointed a nation doesn't truly understand GDP, GDP, industry, commerce, productivity, labor, & tragically nor democracy. Do the people want & vote for jobs, employment, & businesses? Really sad. Corporate America has probably never understood, either. Profits aren't job one.
Dreams of individual idealists-IT's that they will be allowed to become an important part of the 5++ level (metauniverses), are gone - they dreamed and enough, the reaping has come. The elite will take the promising developments and throw away the rest...
For ordinary people in the U.S., everything will end in any case, turning the socio-economic crisis into a catastrophe closer to 2025-2026. The participants will be deported to an inhospitable shore to the common population.
The process of controlled destruction of 'young money' (fortunes created in the last decades in bubbles) and throwing out of the financial Olympus players who do not have the proper overall status is complicated and dangerous by a general collapse.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Forbes - 🏆 394. / 53 Read more »
Source: Forbes - 🏆 394. / 53 Read more »