He's right, and I think we're seeing this done across the industry (especially FAANG).
However, just because employees "have to take it" doesn't mean that it's better for the company to have employees that actively hate it and are just staying because of a lack of alternatives. Especially in a field where work output and especially quality is hard to measure, and the success of many companies hinged on motivated employees...
The thing is that it’s not that important if it hurts the company long term. If the company is big enough, any of those "managers" have plenty of time to make a great career there for several years if not more.
imo, that’s the issue when company’s ownership gets so diluted that nobody have personal interest anymore in the company’s long term viability.
Heck when your company is owned by private equity, even the company itself becomes a line in some excel spreadsheet. And you’d better not get that conditional formatting turn to red.
Skimping on feed because the penned milk cattle have to take it.
I would actually appreciate if our systems were coherently sociopathic rather than chaotic due to individual personality faults. At least then, conditions “on the farm” might make sense rather than look like an expression of mental illness and unchecked antipathy.
However, just because employees "have to take it" doesn't mean that it's better for the company to have employees that actively hate it and are just staying because of a lack of alternatives. Especially in a field where work output and especially quality is hard to measure, and the success of many companies hinged on motivated employees...