clapped back at Musk,"who pockets the change from underpaying and mistreating people."
recently."I've heard from many founders who are cutting fat, making big product moves, and getting hardcore and not afraid. A new playbook is being written in real time." To some founders, Musk is simply a monstrous version of the executive they wish they could be. Over the past decade, as the tech sector surged, so did employment. From 2009 to 2019, according to an analysis of federal labor statistics by the industry nonprofit, the tech sector expanded by 2.3 million new jobs. The rapid growth stretched the labor market thin, forcing companies to pile on perks to land talented candidates. Free meals became table stakes. Employees enjoyed nap pods, travel stipends, onsite acupuncturists and massages, free dry cleaning, and nitro cold brew by the keg.
During the pandemic, a new wave of startups only ratcheted up the extravagance. As investors heaped pressure on companies to grow quickly, founders say, the blitzscaling that followed set off an arms race of perks to attract top talent. Employees were permitted to work from home and set their own schedules. They pocketed wellness stipends and trotted the globe on extravagant off-sites.
BISouthAfrica Elon said, “Wie nie wil werk nie, moet uit.”
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