Honestly, this is just big tech all over. I don’t think there are many people that work at FAANG companies any more that feel things are better than they were even 3-4 years ago. They are no longer idealised, and CEO’s have decided to take company failures out on employees instead of their inability to target long-term success. I’ve friends at Amazon, Google, and Apple - all say that their “culture” is basically dead.
IMO, we’ve reached a point where all of the big names in tech are now out of ideas. None of them have innovated in recent years, outside of (maybe) AI, and the culture of supporting moonshot ideas (where someone can work on something new/exciting and not be personally liable if it doesn’t work out) is now dead with layoffs in these divisions. The only incentive that big tech has any more is pay, and with no long-term stability and pay decreasing over time, I think we’ll see a shift away from FAANG and towards the new breed of tech. FAANG will become the IBM and Oracle’s of tech, and things will move on.
PeleSpirit@lemmy.world 11 months ago
This is the moral of every tech company. FFS, learn and keep the greeds out.
linearchaos@lemmy.world 11 months ago
And then don’t ever, ever go public. Once you go public all the greedy people will insist that you install more greedy people.
phoneymouse@lemmy.world 11 months ago
I think this is a big reason Valve did not go public
stevedidwhat_infosec@infosec.pub 11 months ago
I think it’s less about going public and moreso about the people that have the ability to get to the head of that line via funds.
Why should Joe Shmoe who’s family fortune is based off mafia and cartel funds get to have say in your company? Just because of the money?
I don’t get it. I’m probably naive to facets of this process - open to hearing/learning more from more informed people
MondayToFriday@lemmy.ca 11 months ago
Once you accept venture capital, you’re pretty much down the path to going public, because the investors have an expectation of realizing their gains if the company is successful.
Fades@lemmy.world 11 months ago
Clearly the problem here is unbridled capitalism, so why are you crying about tech companies specifically??
PeleSpirit@lemmy.world 11 months ago
You’re not wrong, but why not add onto it instead of being so aggressive. Tech companies do seem especially bad, but that’s probably because I live in Seattle.