I think there’s something about post-pandemic work in software that just isn’t working. I don’t think it’s just interest rates or a hiring downturn, nor immediate causes like founders leaving (because I see this sickness at most big tech companies these days).
Personally, I believe that hybrid work is not going well. Fully remote teams are good, fully onsite teams are good. With hybrid I feel like I never know how to contact someone and can never expect a quick reply (with remote, sure someone could go AWOL still, but there was less ambiguity on if they were just commuting or doing something in the office). I’ve had skip managers/directors who I’m almost certain are barely working and just milking out huge salaries while hiding behind their remote status. I’ve seen people join and leave teams from random offices all over the world, never onboarding fully and never truly getting it. It’s awful.
I want people to have flexibility and I think full-remote culture works just as well as fully-onsite works - everyone is in “one place” whether it’s in collaboration software or in person. But this sucks.