Tech Layoffs: real reasons and consequences
- The Lie About Layoffs for Growth
- Layoffs do not lead to growth, despite what companies claim. This reasoning often hides deeper issues within the company.
- Misunderstanding AI
- Many people think they understand AI, but they don't. AI won't replace all knowledge-based jobs, and expectations are often inflated.
- Investors and Boards Took Too Many Risks
- Investors and boards spent money on AI without balancing their books. This led to financial issues and the need for layoffs.
- Techies Got Entitled
- High demands for work conditions and salaries. Some employees demanded too much, creating tension within companies.
- The Wrong People Are in Charge
- Leaders sell dystopian stories and mismanage resources. Poor leadership exacerbates problems and leads to layoffs.
Raman Sapezhka
CEO Plantago/CTO