Thousands of tech staffers at Meta and Google do"fake work" and were brought on to fulfill the"vanity metric" of hiring, according to the outspoken investor and tech veteran Keith Rabois.
Speaking remotely from Miami at an event hosted by banking firm Evercore, Rabois said that major tech firms were responsible for over-hiring and that the sector's current mass shedding of jobs to rein in costs was overdue. Later on the call, he estimated that Alphabet's Google and Facebook owner Meta had thousands of employees who don't do anything.
Google, he continued, had intentionally over-hired engineers and tech talent to stop them from moving to other companies, a strategy he described as"pretty coherent." But, he added, that meant engineers had been happy to"be entitled, sit at their desks, and do nothing."
Rabois just likes to hear himself talk. Zero humility. A Musk lackey, whom he made wealthy, now leads his sycophants from his Monday morning quarterback soapbox. $Opendoor is a flaming heap, yet he has the audacity to talk about companies he could never build on his own.
This guy looks like an entitled DB. Probably has never done a day of real work in his privileged life.
Hope all those people being laid off were banking their paychecks. Thanks BigTechEgo for screwing up people’s lives…again.
Some might say venture capitalists do fake work (or no work at all.) They just try suck the profits out of others’ work. This article needs stronger counterpoints. I always hear about tech engineers working around the clock to meet deadlines. Clearly, Twitter needs to rehire.
Lol, its not fake making tiktoks about choosing what to eat all day
Meta can fire 50% workers and still work.
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