Seems the entire tech sector now is more or less ROI and cuts happen on the go even though companies have been making record profits. having too many mba’s have ruined the innovation and companies now have become completely profit and loss vs focusing on enng and innovation? Just a take. MBA’s don’t be salty, nothing personal #layoff #severance #amazon #meta #salesforce
Lol - A SWE
Maybe in manufacturing, where penny pinching is the name of the game
If only you knew how bad things really are
This is how the US has worked for centuries. Tech stock boom was never truly about innovation at its core - it was about the companies making money hand over fist & getting basically free money from investors. True innovation is happening every day in healthcare, robotics, academic research, etc etc and they get paid shit compared to tech.
💯
Cope
My PMs contribution to the company is going to the meetings and saying “omg this is exciting”
Post of the day
It's not the MBAs, but the wall street and leaders being pressured to show good balance sheet, driven by the wall street and the finance-background folks. And MBA does not equate to Wall Street or finance.
Crazy tech salaries is what is ruining the tech sector - moving away from fundamentals and dropping money like there’s no tomorrow.
This is a peasant mindset. If wages were actually growing in line with inflation and economy, we wouldn’t have 1% purchasing power of our parents despite having 10x their wage.
How about crazy executive compensation? Look at the massive growth in exec-to-median compensation ratios. Agreed that fundamentals should be prioritized--R&D to build better, more useful products.
I'm someone who started as an engg, did MBA, became a PM and back to engg roots now. MBA doesn't spoil it - everything in life is about perspectives - if you don't get it, you don't move forward.
I don’t necessarily think its MBA’s, but the influx of people into Product/PMT roles. We have 6 PMs (no tech background but are PM-T) in our org and we don’t really have product 🤦♂️, and they start defining roadmaps without knowing tech. Im not saying they need to code, but they need to understand the stack. Otherwise, it causes a lot of churn in the org.
It's always been about ROI. Not sure why op think tech should work like non-profit. Spoilers: even non-profit cares about ROI.
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All companies need a sustainable business model, cannot spend money like you are richer than God.
Not all companies need a sustainable business model, some just want to push the field as far as they can before they run out of funds, and if they come across something that makes a ton of money, that’s just a bonus 🙂