Comment on Zuckerberg's rightward policy shift hits Meta staffers, targets Apple
scarabic@lemmy.world 1 week agoTech companies used to think that they were only limited by their ability to hire talented people. They went crazy competing for talent. That has changed. Obviously they no longer consider talent to be vital. Their businesses are more mature now and have network effects and lock-in. It’s kind of inevitable that tech companies would eventually reach that point. But I think it’s only true for the largest companies. Big tech souring on its employees is probably great news for a huge galaxy of small and midsize companies who’ve had no hope of attracting top talent for many years now. It really was impossible to compete with the pay, perks, and developer experience at a place like Meta. And that’s too bad because there are software business opportunities everywhere, still. Maybe this will be a good thing in the long run.
oakey66@lemmy.world 1 week ago
I don’t think they’re mature. I think they’re just monopolized to the point where they don’t need to innovate at all. And I don’t see this as a net positive because these companies are so gigantic that they will drive down salaries and benefits for the rest of the middle sized and smaller sized companies. The other problem is that any company that gets this big now has the purchasing power to eliminate competition further cornering the talent pool and the tech market. These guys are the new oil barons of our time and their oil is our data. Not sure how to see this as anything but negative.
scarabic@lemmy.world 4 days ago
That’s exactly what I meant by “network effects and lock in.” You don’t achieve this without your business maturing, though I am not sure what you think of when I your hear that word.
How’s that?
This is what’s been going on for years already. Google used to hire people they didn’t even know what to do with simply because they could and would hinder comoetition. It’s hell trying to hire as a tier 2 company or small startup only to see everyone get offers for 3x from Google or Meta.
Their clear anti-staff sentiments now signal that this mad rush to acquire talent probably won’t continue as it’s been.
If demand from huge companies like Google and Meta slackens, that could lead to smaller companies offering less, but there’s a huge gap between the two right now. We’re taking about Meta outbidding by 2x going forward instead of 3x.
I’m getting that. And most people on here just think everything around tech is negative, negative, negative. Most who think this are on the outside looking in. I’ve been on the inside for 20 years, competing for hires with the likes of Meta and Google, and I think there might be at least one bright spot in their insane hiring slackening a bit.