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The twist is that when you layoff the 80% who supposedly only did the 20% part, you pretty much still have to hire the same amount of people to do that 20%.

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But with lower rates, and with abysmal rampup period (or even afterwards).

Don't blame managers, they just follow money, why else would they work those crappy jobs. Blame idiots who think short term bonuses should be massive instead of some long term performance and investment of oneself in company's success.

Then by the same principle, don't blame the devs, they are just drifting as most people would do.

Blame the board, full stop. "Follow the money", there is really no other possible answer. Some set of people are responsible and to determine who that is, you read the corporate ledger, you read the financing contracts, you read the bylaws and governance structures, and what they literally state is that the board of directors are responsible for directing the company. The board is responsible. If you wish to be a director and responsible, then go incorporate, now you are the board! You are responsible! Good luck!

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