Nadia Rawlinson: 'After two decades of fighting for talent, chief executives are using this period to adjust for years of management indulgence that left them with a generation of entitled workers.'
| Jan. 21, 2023, 3:00 p.m.
Silicon Valley as we know it — with its radically transparent company cultures, empowered employees, flat hierarchies and rarefiedFor nearly two decades, tech companies heralded an approach that centered on making workers happy with benefits that were intended to seamlessly integrate work and life. They made well-being programs and unlimited vacation, initiatives that prioritized the whole person, standard employee benefits.
Times, as they say, are a-changin’. The industry is facing an uneven macroeconomic environment and a roiling stock market that is putting pressure on public tech companies and making for a less-than-ideal I.P.O. environment for private ones. Tech chief executives are now optimizing more for profitability than for growth at all costs, sometimes at the expense of long-held organizational beliefs.
The shift is most evident in the recent surge of tech layoffs. There has been lots of public discussion about the disruptive axing ofof Twitter’s 7,500 employees, a move conducted under its new owner, Elon Musk. Haphazard and rolling, the layoffs were painful to watch. The employees who remained have had to endure greater workloads on significantly smaller teams.
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