People with lots of money want even more money. Less employees means less money that has to be paid out which means more money in the short term. Makes line go up for a while. Makes suits happy.
It already happened, at least on Mediatonic (Fall Guys), a subsidiary. They axed lots of game designers, the UI/UX designer, some other people and even the person who made all the promo art
Yup. They can’t take out interest-free loans to pay off their almost-interest-free loans. So now they’re scrambling to save money and build value the old fashioned way.
That was just part of it. The entire tech sector massively retracted after the boom it saw during COVID, which is also responsible for the sudden enshittification of so many different products/services all at once.
The only thing happening in the industry is the same thing happening in every industry and most of the first world:
The wealthy owners and executive leader roles have learned that COVID, COVID supply lines, interest rates, ‘consumer sentiment’, and inflation, are all very easy scapegoats that both the public and investors will easily buy as reasons for lowering product quality and availability, while also firing employees, squeezing the non-fired ones to death, and raising prices. This has lead to almost 2 straight years of corporations showing record profits (even adjusting for the inflation that they are largely responsible for in the first place).
This downward spiral will continue until some force with nearly as much power pushes back.
This is typically and ideally a representative government in the form of regulation or taxation. But the US government has suffered decades of regulatory capture and congressional gridlock.
So the only other potential option is a large amount of highly populated unions. Which have to fight against nearly 100 years of media and political demonization and nearly 150 years of ‘american independent attitude’.
The perfect modern system has all 3 parties; unions, government, and corporations, equally strong and antagonistic. Just as the perfect modern government would have the executive, legislative, and judicial branches equally strong and antagonistic. Neither could be much farther from the case here.
Stronger bigger unions. Weaker smaller corporations. And a government that actually functions. All are necessary to fix our current shit show.
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And Epic Games announced a big layoff coming soon. I dunno what’s happening in the industry rn, but it’s not looking good
People with lots of money want even more money. Less employees means less money that has to be paid out which means more money in the short term. Makes line go up for a while. Makes suits happy.
It already happened, at least on Mediatonic (Fall Guys), a subsidiary. They axed lots of game designers, the UI/UX designer, some other people and even the person who made all the promo art
Silicon Valley Bank imploded, taking the easy money away from them.
Yup. They can’t take out interest-free loans to pay off their almost-interest-free loans. So now they’re scrambling to save money and build value the old fashioned way.
That was just part of it. The entire tech sector massively retracted after the boom it saw during COVID, which is also responsible for the sudden enshittification of so many different products/services all at once.
The only thing happening in the industry is the same thing happening in every industry and most of the first world:
The wealthy owners and executive leader roles have learned that COVID, COVID supply lines, interest rates, ‘consumer sentiment’, and inflation, are all very easy scapegoats that both the public and investors will easily buy as reasons for lowering product quality and availability, while also firing employees, squeezing the non-fired ones to death, and raising prices. This has lead to almost 2 straight years of corporations showing record profits (even adjusting for the inflation that they are largely responsible for in the first place).
This downward spiral will continue until some force with nearly as much power pushes back.
This is typically and ideally a representative government in the form of regulation or taxation. But the US government has suffered decades of regulatory capture and congressional gridlock.
So the only other potential option is a large amount of highly populated unions. Which have to fight against nearly 100 years of media and political demonization and nearly 150 years of ‘american independent attitude’.
The perfect modern system has all 3 parties; unions, government, and corporations, equally strong and antagonistic. Just as the perfect modern government would have the executive, legislative, and judicial branches equally strong and antagonistic. Neither could be much farther from the case here.
Stronger bigger unions. Weaker smaller corporations. And a government that actually functions. All are necessary to fix our current shit show.