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by 972811 887 days ago
i agree with all of what you said, but i think the main change is just that these companies aren't growing the same way they were pre-pandemic. everything feels resource constrained in a way it didn't in the mid-2010s and this makes everything inherently political and negative

edit: to give an example, you probably don't think at all about an exec's value when you see him once a quarter in an all-hands explaining the great growth and complimenting teams, your paycheck is high and growing, and your team has happy hours, lavish team all hands, and tons of autonomy. when the same exec is announcing layoffs, no growth, and reduced benefits, you start to look at the deal a little differently

2 comments

what is that warren buffet about "when the tide goes out, something something naked"?

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One of Warren Buffett’s most famous quotes is: “Only when the tide goes out do you learn who has been swimming naked.”

from

https://fortune.com/2022/10/03/warren-buffett-famous-quotes-...

You’re probably right in general. But I was lucky enough to have some great middle managers during COVID who definitely had their fingers on the pulse of what was going on, clearly communicated goals and strategy, actually understood how the sausage got made. I had some poor managers/middle managers too, but they tended to get managed out and their damage was minimized by communication routing around them.

Maybe I’m just personally unlucky to have had some especially weak ones that didn’t get managed out and that happened to coincide with hybrid work.