{"id":1156817,"date":"2023-02-18T07:10:34","date_gmt":"2023-02-18T12:10:34","guid":{"rendered":"https:\/\/bugaluu.com\/news\/do-techno-posers-have-the-skills-to-pay-the-bills\/1156817\/"},"modified":"2023-02-18T07:10:34","modified_gmt":"2023-02-18T12:10:34","slug":"do-techno-posers-have-the-skills-to-pay-the-bills","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/do-techno-posers-have-the-skills-to-pay-the-bills\/1156817\/","title":{"rendered":"Do Techno Posers Have The Skills To Pay The Bills?"},"content":{"rendered":"
\"\"<\/a><\/div>\n

Do Techno Posers Have The Skills To Pay The Bills?<\/span><\/p>\n

\n

Authored by MN Gordon via EconomicPrism.com,<\/em><\/a><\/p>\n

Sometimes things must get worse before they get better.\u00a0 <\/strong>To completely remodel a kitchen, for instance, you must first demo and gut the old one.\u00a0 These initial steps backward can be demoralizing.<\/p>\n

But there\u2019s no way around it.\u00a0 And with perseverance and an ample budget, the ultimate result is usually a big improvement.<\/p>\n

Similarly, remodeling a tired company requires making short term sacrifices for long term gains.\u00a0 The initial efforts can produce ugliness.\u00a0 And with the lives and livelihoods of employees on the line, the decisions can be emotional. \u00a0Yet sometimes it must be done.<\/p>\n

Meta CEO Mark Zuckerberg recently told investors that 2023 will be the\u00a0\u201cyear of efficiency.\u201d<\/em>\u00a0<\/strong> If you recall, the company RIFed 11,000 workers in November 2022.\u00a0 The scuttlebutt is that more layoffs are coming.<\/p>\n

Currently, the prospect of imminent layoffs is triggering uncertainty about what projects will go forward, what will be cancelled, and who will be working on them.\u00a0 This has created an interim situation where some Meta employees are getting paid to do\u00a0zero work<\/a>.\u00a0 Strangely, for Meta to become more efficient, it must first be less efficient.<\/p>\n

Still, Zuckerberg is clear on his objective.\u00a0 In Meta\u2019s fourth-quarter earnings call on February 1, the CEO noted:<\/p>\n

\n

\u201cWe\u2019re working on flattening our org structure and removing some layers of middle management to make decisions faster, as well as deploying AI tools to help our engineers be more productive.\u201d<\/em><\/p>\n<\/blockquote>\n

And in a recent all-hands meeting, Zuckerberg \u2013 again \u2013 put middle managers\u00a0on notice<\/a>:<\/p>\n

\n

\u201cI don\u2019t think you want a management structure that\u2019s just managers managing managers, managing managers, managing managers, managing the people who are doing the work.\u201d<\/em><\/p>\n<\/blockquote>\n

Perhaps this is harsh.\u00a0 But it\u2019s true.<\/p>\n

Moreover, when you get down to it, Zuckerberg is a real technology geek.\u00a0<\/strong> And he\u2019s recognized that many of his cohorts, in the company he founded, are something else.<\/p>\n

Real Technology Geeks<\/strong><\/h2>\n

Real technology geeks, if you\u2019ve ever met one, don\u2019t care about days off or benefits or what the latest social justice cause is<\/strong>.\u00a0 They care about programming and coding new applications and platforms that create something cool and elegant.<\/p>\n

Real technology geeks, compelled by an idea, are on a mission.<\/strong> \u00a0With singleness of purpose, they close the blinds, turn off the lights, pull up their hoodies, and get wired in.\u00a0 Then they crunch and code for 72 hours straight, pausing only to chug Red Bull energy drinks.<\/p>\n

Real technology geeks are who created Apple, Google, YouTube, Facebook, Amazon, Netflix, Microsoft, Samsung, Tesla, Salesforce, Oracle, and others.\u00a0 They\u2019ve left their fingerprints on all aspects of modern life.\u00a0 Good and bad.<\/p>\n

But like any growth industry, be it the auto industry of the mid-20th century or the technology industry today, at some point the growth overshoots the future value.\u00a0<\/strong> The point of overshoot, however, isn\u2019t discernable when it first happens.\u00a0 The momentum and rush for market share obscures it.\u00a0 Sometimes it can be obscured for decades.<\/p>\n

During the latent overshoot period, the industry becomes occupied by pretenders.\u00a0 Over the last decade, for example, technology companies were unwittingly filled with fake technology geeks who demanded free lunches and fat paychecks.\u00a0 Rather than driving technology into the next frontier, they occupied their time posting memes and feigning outrage on social media.<\/p>\n

These fake technology geeks concentrated into middle management positions.\u00a0<\/strong> There, they didn\u2019t have to do work of any meaningful value.\u00a0 Instead, they made staffing plans and delivered performance reports up the management chain.<\/p>\n

It was a lot of fun while it lasted.\u00a0 Nonetheless, the techno poser era is over.\u00a0 In fact, it has been over since mid-2022.<\/p>\n

Techno Posers<\/strong><\/h2>\n

Zuckerberg marked the end of the techno poser era during a June 30, 2022, remote meeting.\u00a0 <\/strong>There he announced he wanted to remove Meta employees who are\u00a0\u201ccoasting\u201d<\/em>\u00a0or low performers.\u00a0\u00a0\u201cRealistically, there are probably a bunch of people at the company who shouldn\u2019t be here,\u201d<\/em>\u00a0he remarked.<\/p>\n

Many of Zuckerberg\u2019s employees \u2013 particularly, the techno posers \u2013 thought this was a real hoot.\u00a0 New memes soon appeared on Workplace, including:\u00a0\u201cCoast, Coasters, Me,\u201d<\/em>\u00a0a play on Meta\u2019s\u00a0\u201cMeta, Metamates, Me\u201d<\/em>\u00a0mantra.<\/p>\n

Other enterprising employees created posters for the walls at Meta\u2019s headquarters asking,\u00a0\u201cShould you be here?\u201d<\/em>\u00a0in bold, all-caps red letters.\u00a0\u00a0\u201cLook at this dude coasting,\u201d<\/em>\u00a0wrote one employee above a picture of Zuckerberg hydro-foiling on a lake while holding the American flag.<\/p>\n

Apparently, Meta\u2019s vast collection of techno posers had not the faintest inkling of what was going on.\u00a0 This was best characterized during the Q&A part of the meeting.\u00a0 Here,\u00a0The Verge<\/a>\u00a0fills in the details:<\/p>\n

\n

\u201c\u2018Hi there,\u2019 the first prerecorded employee question started. \u00a0\u2018I\u2019m Gary, and I\u2019m located in Chicago.\u2019 \u00a0His question: would Meta Days \u2014 extra days off introduced during the pandemic \u2014 continue in 2023?<\/strong><\/em><\/p>\n

\u201cZuckerberg appeared visibly frustrated. \u00a0\u2018Um\u2026 all right,\u2019 he stammered. \u00a0He\u2019d just explained that he thought the economy was headed for one of the \u2018worst downturns that we\u2019ve seen in recent history.\u2019 \u00a0He\u2019d already frozen hiring in many areas. \u00a0TikTok was eating their lunch, and it would take over a year and a half before they had \u2018line of sight\u2019 to overtaking it.<\/em><\/p>\n

\u201cAnd Gary from Chicago was asking about extra vacation days?<\/em><\/p>\n

\u201c\u2018Given my tone in the rest of the Q&A, you can probably imagine what my reaction to this is,\u2019 <\/strong>Zuckerberg said. \u00a0After this year [2022], Meta Days were canceled.<\/strong>\u201d<\/em><\/p>\n<\/blockquote>\n

<\/em><\/p>\n

Do Techno Posers Have the Skills to Pay the Bills?<\/strong><\/h2>\n

Gary from Chicago, no doubt, is a techno poser.\u00a0 Rather than digging deep and doing something rad, he\u2019s counting his vacation days<\/strong>.\u00a0 We don\u2019t know if Gary from Chicago is still employed at Meta.\u00a0 Regardless, we do know that many of his techno poser associates are now out of work.<\/p>\n

They\u2019ve gone from coasting at coddled, well-paying jobs, to coasting on their living room couch.\u00a0 Technology companies are hemorrhaging jobs.\u00a0 So, it is unlikely many of these techno posers will find a new job at a technology company.<\/p>\n

There\u2019s nothing wrong with going where the money is.\u00a0 And over the last decade the technology industry was a well-funded place to be.\u00a0 To their credit, many smart and ambitious minds were able to ride the wave and enjoy a very comfortable living.<\/p>\n

However, now that the technology wave has crashed, what\u2019s next?<\/p>\n

Real technology geeks will do what they do best.\u00a0 They\u2019ll bootstrap new start-ups that innovate and propel the next great big technology wave.\u00a0 Others will remain with the remodeled, more efficient versions of their employers and will push for the next big profit-generating breakthroughs.<\/strong><\/p>\n

There are also intelligent and productive programmers that will have to take their talents outside the technology industry.\u00a0 Maybe they\u2019ll find gainful employment overseeing the billing platform for a local utility.\u00a0 Others could manage the patient record applications at Kaiser Permanente.<\/p>\n

As for the terminated techno posers, do they have the skills to pay the bills?<\/strong><\/p>\n

One techno poser, Bailey, has started a side hustle flipping real estate.\u00a0 She says she only has to work one to two hours a week to make money.\u00a0\u00a0Impressive.<\/a>\u00a0 Maybe it will work out for her.<\/p>\n

But what about the other techno posers? \u00a0The one\u2019s that like to tell others what to do rather than do real work themselves.\u00a0 What will they do?<\/p>\n

Naturally, there\u2019s only one thing they can do.\u00a0 They\u2019ll go into government work. \u00a0There they can get paid for telling other people \u2013 including you \u2013 what to do.\u00a0 And they can feel good about doing it.<\/strong><\/p>\n

*\u00a0 *\u00a0 *<\/em><\/p>\n

Techno posers aren\u2019t all bad.\u00a0 And many good people now finding themselves collateral damage of broad RIFs.\u00a0 Maybe you\u2019re one of them or you know someone who is.\u00a0 Regardless, there\u2019s no time like the present to prepare your finances for the madness that\u2019s coming.\u00a0 In fact, there are things you can do.\u00a0 If you\u2019re interested in discovering several ideas, take a look at my\u00a0Financial First Aid Kit<\/a>.]<\/em><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nSat, 02\/18\/2023 – 11:30<\/span><\/p>\n

From:Zerohedge<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Do Techno Posers Have The Skills To Pay The Bills? Authored by MN Gordon via EconomicPrism.com, Sometimes things must get worse before they get better.\u00a0…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1156817","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1156817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1156817"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1156817\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1156817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1156817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1156817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}