Exactly. And it's not just tech. Most large companies have mid-level workers whose sole job is to not to get laid off (fired). I pity anyone under them cause they are usually the hardest working and first to go. Companies should be looking top-down instead of the usual bottom-up.

And man, it gets cut-throat. You know, when I traded, I used to think that was the most cut-throat work environment. Then the firm I was trading for got acquired by a bigger (much bigger) "traditional" bank. I quickly realized the trading floor was a picnic compared to mid-level management (at a bank they are called VP's) politics. At least a trader, you know the score. Make a profit you win. Don't you leave. Working at this bank; I had to learn to watch my back.

It was at that point I decided to leave banking, and NYC.