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by badpun
1143 days ago
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> The layoffs then represent the workers paying the price for poor management and short-sighted decisions, and pandering to Wall Street and VCs. You could say that those laid off people were mostly not needed in the first place, and represented burning of billions of Wall Street and VCs funds on unnecessary salaries. So, these people got lucky they got $300k-$500k doing BS things that no one needs, and being the beneficiary of large, misguided wealth transfer from the capitalist class to the worker class. Now the party's over for them, but the money they earned in the meantime gets to stay in their pockets. |
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> those laid off people were mostly not needed in the first place, and represented burning of billions of Wall Street and VCs funds on unnecessary salaries
Sure. But they didn't hire themselves.
> these people got lucky they got $300k-$500k doing BS things that no one needs, and being the beneficiary of large, misguided wealth transfer
Agree, but again they didn't hire themselves or assign BS work to themselves.
> from the capitalist class to the worker class
At times like this we (programmers and technical managers) get reminded that despite our white collar trappings and high pay, what we do makes us workers rather than owners of capital. That probably comes as a surprise to the Silicon Valley tech-libertarians, except for the few who managed to start up their own business without going into hock with parasitical investors.