Friday news day. It is no longer news that Big Tech is downs.. (OnlyFans)

Friday news day. It is no longer news that Big Tech is downsizing. However, it is news that the sector is going through a very real brain drain, as explained well by Logically Answered. Have a listen, or quickly go over the key points here if you are interested in the topic. :)

-Historical Attraction Decline: Big tech companies, historically attractive to top talent, are experiencing a decline in interest from superstars in software engineering, data science, and product management.
-Hiring Crisis at Facebook: Recently, Facebook faced a hiring crisis with only half of top-tier job offers being accepted. Many applicants applied to big tech companies for negotiation leverage rather than a genuine interest in working there.
-Shift in Career Goals: Superstars joining big tech often view it as a stepping stone, using it to gain experience, build resumes, and climb the corporate ladder before pursuing their own ventures or projects they are passionate about.

Repercussions for Big Tech:
-Individualistic Motivations: The diverse entry paths lead to a workforce primarily motivated by job security, maximum pay, and promotions, fostering an environment of office politics.
-Lack of Company Loyalty: Employees may prioritize personal success over contributing to the company's goals, potentially resulting in a lack of commitment to serving users and customers.
Leadership Challenges: Over time, tech leaders without formal tech backgrounds may emerge, focused on cutting costs and increasing efficiencies, potentially leading to a deviation from the factors that initially made these companies successful.

https://youtu.be/sYztMkrgAGs?si=OJ_83_CJ7XrdEZ1J