So true. Family members have seen it in pharma. It's endemic in retail banking. Large parts of media/entertainment have gone this way, too. The core ideas of being your own PR department -- and hopping from one short-horizon metric to another are just how these places hand out recognition, promotions, etc. At the better ones, innovative work will be tolerated, too. But the easiest path is pretty much what OP describes.
I think this is my biggest disappointment working for a big tech company. I don't feel I'm "part of the family" at all. Very high turnover, people come and go, some are fired, burn out, or move to another job. I'd love to feel I'm part of something, but it's not the case. Plus most products are very questionable. Very few people do work on something meaningful anyway.
It's all about optimising some metrics. The same way you need to leetcode to get recruited, you're expected to check some boxes once you're in if you want to stay.
I think it's not so much company size as it is operating in a hot industry during a boom time.
On the other hand, telling employees they should own part of the business is bad investing advice; if you get shares of a company and you're not already a millionaire you should sell them and buy an index fund. Even if you work there.
Obviously if you own a business, you are much more vested in its success
i.e. shares or not, I'd prefer to work for a company where I felt I was part of it as opposed to one that's just time served.
I heard someone smart (maybe Naval Ravikant) say on a podcast that this becomes prevalent in orgs which have two or more layers of management between real customer-facing work and business ownership (CEO, co-founder, CTO, etc). Having worked in several startups as well as F500 FAANG-ish valley tech companies, I agree. When a manager reports to a manager who's reporting to someone else degradation begins to occur. Another tip is to look at the org chart. If your manager's manager has more than six (maybe up to 8) direct reports, that's a bad sign.
However, there are exceptions to be found in specific sub-groups in some orgs. I've been witness to it more than once.
A bad sign of what? A bad sign that the company is too large to be innovating?
IMHO, it's correct but that doesn't mean it's good or desirable that things tend to bog down in wider / deeper org structures. Maintaining high efficiency and effectiveness in large org structures is hard to do and that's why the exceptions are notable and worth studying.
To study single-mission mega projects, the classics are the Manhattan Project, the Apollo missions and the first ICBM systems. The management of these projects were awe inspiring.
Overall, managing people at scale is always going to be a hard problem and it seems unlikely that technology will ever offer a satisfactory solution.
https://en.wikipedia.org/wiki/Goodhart%27s_law
All else equal, easy to capture proxies make good metrics; however, the point is that all else will not be equal.
Also, the CYAed version of web of trust is a “360 review”. Going all in on 360s is a good way to unleashing reality tv dynamics in a previously banal workplace.
I just call that the "monopoly phase." There is no natural post-innovation phase, you either have to compete for business, or you don't.
A bakery that's been happily serving its community for 25 years isn't a monopoly just because it doesn't feel pressure to grow.
A company decides whether it's publicly traded or not. It also decides whether it makes an offer to buy the competition or not. I think people forget just how many entities Google has purchased over the years, and how often the FTC has just let them get away with it.
> A bakery that's been happily serving its community for 25 years isn't a monopoly just because it doesn't feel pressure to grow.
Are we really going to compare a single locally owned bakery with a naturally limited consumer market to a corporation like Google?
Wouldn't you agree that bakery would be a monopoly if it let it's standards slip for a few years, and an ex-employee of that bakery opened a new shop, and the existing bakery just decided to buy them out and then close their business instead of starting to compete with them for customers?
Now multiply that by like 250 times. I hardly think it's uncharitable to call this "strategy" out for what it is.
That's assuming you have no problem working for FAANG period. I have serious ethical concerns with 4 of the 5 and probably would never work for them for that reason alone.
What is the dirt on Meta? I'm guessing abuse content moderators in the Philippines or something?
ok, but... it is true that not everyone is in it for the money, or at least, not for the money primarily.
Sure, if you believe that making more money is the only thing that matters in this world. If you take this logic to its extreme you can justify anything if it makes you rich. You're simultaneously criticizing a system while defending your participation in it.
There are lots of things wrong with working at a FAANG for the money. If you don't like how Amazon treats their warehouse workers, don't work at Amazon. If you don't like how Facebook perpetuates fake news, don't work at Facebook. If you don't like Google's search monopoly, don't work at Google. Just because the world is a shitty place doesn't mean you can excuse yourself for being a shitty person.
I don't want to work for FAANG for various reasons, but their negative externalities are either things I'd have no connection with or be in a position to push back against.
Sure, the bosses may say "do it anyway" and my only counter would then be to leave, but I expect most people in FAANG aren't actually connected to $relevant_controversy.
At least, that's my impression from (mostly) the outside.
There are too many variables and that line between right and wrong is not well-defined in this matter. Using an extreme version of your logic, you should strip yourself of all currency and material possessions. Yet you're on here, possibly even while you're supposed to be working. Do you think the companies hosting ycombinator.com are clean? Maybe they're using AWS resources. You're using devices from those very companies you despise right? You're probably using electricity from a power company that is exploiting people in some way or maybe you bought solar panels from a company that exploited people to fabricate those panels. You see, that moral line can be shifted all over the place.
I grew up on food-stamps and I was in debt for a very very long time in my adult life. Poverty can be very traumatic (and very motivating to never go into it again). Money is certainly not the only thing that matters in this world and that's not what I said in my post. It is very important in living a sustainable life in America (and elsewhere). A single ER visit can ruin your life-savings for example. I work for a FAANG because I'm uncertain about the future and that scares the hell out of me. I have a family. I have several chronic medical problems. There's a realistic possibility I might be too disabled to work next year or the following year. Layoffs are starting to ramp up. I don't want that money, I need it to ensure my family can survive the problems that are surely to come in the not too distant future. I don't want them to endure the hell that I went through. I don't think I can bare it mentally. So yeah, I'm working at a FAANG for the "TC". I don't give a shit about innovating some new UI library or whatever else people think is cool in tech. I'm not even sure I have that ability if we're being honest. Even if I did, this whole thread is about a post that highlights exactly why it's hard to do that now. I work here so I can survive and that's it.
At the end of the day my family loves me and they have a comfortable, happy life, so I’m fine with internet commenters calling me a shitty person because of my employer.
I will not work for a company like Facebook.
And I don't throw Facebook in the same bucket as companies like Google, Microsoft.
And sure Amazon and apple are more evil than the others but they are also so far away from Facebook.
For me, TikTok even though they probably don't hire SDEs like FB and there's prob enough people to fill those roles anyways.
I truly think its an awful invention. It's bad for the same reason I feel most social media is bad... just turned all up to 10. You thought people doom scrolling mindless posts in 2014 was bad? Here, have 10 second bits of unscrubbable nonsense for 5 hours a day.
Anyway fb purposefully pushed people to addiction.
Did not take any actions against spreading missinformation
And for the people needing to check illegal stuff like snuff or pedo stuff, they are not good to them either.
Everything fb does is for making more money out of screentime and addiction.
Always remember to state TC as the offer/granted value (amortized per year, often divide by 4) not the present value of equity, that's how it stays relatively comparable across time.
Interesting how there's comments on this person being concerned solely with "TC" as if the company itself is not solely concerned with profit. To top it off, most of these companies are on some shitlist for abusing their work-force or slave labor in developing countries. There's nothing wrong in working at a FAANG for the money and I'm surprised to see the current attitude in this thread around that. I thought we were past the employer loyalty era and more accepting of the harsh reality that everything is profit-driven these days.
BTW the person is not literally saying to do these things. They are using humor as a means to illustrate how ridiculous it is working under those conditions.