You know that's bs, right? They took the cheap money, hired a bunch of people to do 'cool' stuff like VR and feed junk adtech directly to your brain, speech assistants to buy stuff that you don't need and self driving which failed to deliver on inflated promisses and when those things failed they're axing those projects along with the people who worked on them.

What is BS? I don't understand the context of your reply.

I agree that large tech companies invest in stupid/frivolous projects during bull markets and over-hire/acquire. They also tend to neglect their core products, focusing on extracting money from those with an established network effect instead of improving the services.

> What is BS?

HR measuring employee productivity and surgically laying off non-productive empmployes, boosting the morale of top performers. /s

HR? It's not HR. It's competition. Unless your company is a monopoly or protected in some way by the government through regulation, if you do not do that, you go out of business. I can tell you aren't a startup founder.