Thread by @D_Brat

These are precisely the kind of 'Expert Views' that readers should avoid if the journalist doesn't use prudence in publishing.

A thread ....
Tech Layoffs | Mohandas Pai: TV Mohandas Pai’s advice for young techies: Work 12-14 hours, keep learning and save m.economictimes.com/markets/expert…

Instead of discussing the root cause behind tech layoffs, @TVMohandasPai espouses paternalistic advice to young techies.
The real root causes behind what ails the tech-workers globally:
1. Leadership greed - Layoffs are an attempt by leaders to fix business underperformance
....

2. Business underperformance is caused by irrational leadership exuberance - Tech leaders build irrational euphoria for the future, use investor money to scale up the workforce, and bloat up the cost structures.
....

3. Irrational leadership exuberance is fuelled by valuation dreams - All tech leaders exist in a parallel universe of start-up valuation methods, NOT in the world of true economic performance, except for the rare folks like @svembu of Zoho, @Nithin0dha of Zerodha etc.).
....

4. Some tech leaders do manage to achieve their valuation/IPO dreams and cash out to create wealth - These leaders run sweatshops to an IPO (some great examples in India). The tech leaders are now VCs in their own right using capital from the liquidation of their holdings.
....

5. Now the tech leader turned VC goes in the search of even more wealth from venture investing - The scale of aspiration is now even bigger. Now the venture capital needs to deploy in even more sweatshop bets. But one issue is the backlash against the work & employer ethics.
...

6. The tech leaders now need to evangelize 'sweat ethics' to deflect the backlash against the tech industry - There's a lot of money now in play. Tech leaders cannot allow any 'uprising' against work overload for low compensation. The attrition is out of whack, payroll costs ...

....are on the rise, there's a lot of unhappiness and the business is not performing to plan. How does one justify the layoffs?

The tech industry tries to declare layoffs as the new normal. It will happen. Accept it. Learn to live with it...
and here is 'sweat work mainfesto'...

"First 10 years of life work 12-14 hrs/day. Work-life balance? Work is life! You get laid off unless you are productive. It is a battle to the death. Compete with everybody and do better to keep job secure."
....

"Ask not why the layoffs are happening. OR who is to be held accountable. Resign to the fate the tech industry is doling out to you. That's what is expected of you. Don't ask us to be accountable."

I was on Twitter Spaces recently on 'moonlighting'. ....

A participant shared "Tech workers in the valley have lost faith in leadership." Not long before this spreads worldwide.
The signs are already there. Since the dot-com bubble attrition, offer drops, wage escalation, and disengagement have plagued the tech industry.
...

The current lay-offs will further accelerate these trends.
Tech workers have known all along how mercenary tech founders, leaders, and investors are.
....

They see through the hollow preachings of these leaders about loyalty, commitment, & performance.
Tech workers will now ask for the same in return. Quid pro quo.

-the end-
-the beginning-

Here is the Thread Reader link
threadreaderapp.com/thread/1591709…

Here is @jack 's own admission

https://twitter.com/jack/status/1588913276980633600?s=20&t=HK8_a5CcRRY-_MYUI2qhIA

#layoff #tech