this post was submitted on 30 Jun 2023
44 points (100.0% liked)
Technology
37695 readers
306 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
A lot of the tech companies were slammed by investors over the last two years for missing their earnings and many of them are still struggling to go back to 2021 optimistic growth rates. The layoffs last year have also cost them a lot of their best talent, so the quality of innovation, decision making, and execution has suffered. You are now left with a bunch of older executives who never really understood that it was their younger talent that was the core of their company's success, so they fall back on older methods like increasing prices and cutting costs to try and lead the board / shareholders into thinking that their ridiculous executive salary packages are somehow justified.