It’s hard for people who haven’t experienced the loss of experts to understand. Not a programmer but I worked in aerospace engineering for 35 years. The drive to transfer value to execs and other stakeholders by reducing the cost of those who literally make that value always ends costing more.
It’s utterly bizarre. The customers lose out by receiving an inferior product at the same cost. The workers lose out by having their employment terminated. And even the company loses out by having its reputation squandered. The only people who gain are the executives and the ownership.
This is absolutely by design. The corporate raider playbook is well-read. See: Sears, Fluke, DeWalt, Boeing, HP, Intel, Anker, any company purchased by Vista (RIP Smartsheet, we barely knew ye), and so on. Find a brand with an excellent reputation, gut it, strip mine that goodwill, abandon the husk on a golden parachute, and make sure to not be the one holding the bag.
It’s hard for people who haven’t experienced the loss of experts to understand. Not a programmer but I worked in aerospace engineering for 35 years. The drive to transfer value to execs and other stakeholders by reducing the cost of those who literally make that value always ends costing more.
those executives act like parasites. They bring no value and just leech the life from the companies.
Well, yeah, but those costs are for tomorrow’s executive to figure out, we need those profits NOW
Executives think they are the most important part of the company. They are high level managers, that is all.
It’s utterly bizarre. The customers lose out by receiving an inferior product at the same cost. The workers lose out by having their employment terminated. And even the company loses out by having its reputation squandered. The only people who gain are the executives and the ownership.
This is absolutely by design. The corporate raider playbook is well-read. See: Sears, Fluke, DeWalt, Boeing, HP, Intel, Anker, any company purchased by Vista (RIP Smartsheet, we barely knew ye), and so on. Find a brand with an excellent reputation, gut it, strip mine that goodwill, abandon the husk on a golden parachute, and make sure to not be the one holding the bag.
<cough>Boeing<cough>
Everyone. But Boeing did a pretty fucked up job of it.