my experience at two big tech companies said this extremely overdue.
especially since about 2012.. lots of added head count. managers and sr. managers and directors #1 priority on increasing head count to grow empires and get promotions. it elephant in the room supported by easy US fed policy. uncomfortable truth these people dont want to admit.
what is vision for these new teams? if stock price is $100/share does director X’ org contribute $.50 or $1 or $10? many teams are negative contributors to this equation.
actually much of $ attribution and downstream impact was gamed. the founders and their protege slowly left and replaced with professional managers. no vision. no obsession with features. little thought to value. instead they see prestigious job. “i have 150 people report to me.” that kind of discourse mainstream. indirect way of bragging “look how important i am.”
maybe 15% of employees at both companies providing actual value building new things that bring revenue. another 15-20% just support legacy cruft with software patches. no feature work. no innovation. large teams of engineers and managers resting and vesting.
it is honestly entitlement and horrible joke. why these people entitled to $200-500k+ salaries??? its like this country built fake economic class of worker. little to no economic output.