Tech companies spent a decade (since 2010), driving towards some belief that the entire world was going to go online and stay there. They also ammassed an insane amount of wealth in that time. Wealth that is now structurally tied to the stability of the entire financial system.
For whatever reason, investors get bored and want to move money around and so the tech companies, that built healthy, stable businesses, needed to keep that dopamine hit coming with new mega annoucements. What else is there to build? "Efficiency" is the current corporate white collar trend, because that's what investors are woo'd with. AI is the other new-new thing, but instead of a that next reason to reverse hiring trends, AI itself is built and sold as an employee replacement.
Anyway, the fact that there is an entire class of people in the US who feel and believe, it can't get any worse, are geniunely suffering in ways many of here on this forum can't even imagine. Definitely think it's unfair to put these two concerns in the same bucket.
Tech companies spent a decade (since 2010), driving towards some belief that the entire world was going to go online and stay there. They also ammassed an insane amount of wealth in that time. Wealth that is now structurally tied to the stability of the entire financial system.
For whatever reason, investors get bored and want to move money around and so the tech companies, that built healthy, stable businesses, needed to keep that dopamine hit coming with new mega annoucements. What else is there to build? "Efficiency" is the current corporate white collar trend, because that's what investors are woo'd with. AI is the other new-new thing, but instead of a that next reason to reverse hiring trends, AI itself is built and sold as an employee replacement.
Anyway, the fact that there is an entire class of people in the US who feel and believe, it can't get any worse, are geniunely suffering in ways many of here on this forum can't even imagine. Definitely think it's unfair to put these two concerns in the same bucket.