you are viewing a single comment's thread
view the rest of the comments
[–] 45 points 4 months ago (17 children)

None of these fuckers think long term. it's all quarter by quarter. I see it in my job even with startups. Build something now, use AI, it works now? great. it won't scale a year or two down the line? that's a problem for future me.

Are we making money now? great. what do you mean a year or two down the line there will be no one left that makes enough money to buy our shit? that's a problem for future me.

  • source
  • hideshow 17 child comments
  • [–] 27 points 4 months ago (5 children)

    The last corporate job I had before going into business myself, was as a sales manager for a Fortune 100 company.

    It was very common at the end of a quarter to have to call around to wholesale customers, and beg them to take a pallette of some poorly selling sku, telling them "Don't even unwrap it. Just stick it in a corner of the warehouse, and when the quarter turns, I'll authorize a return of the inventory, and give you a discount on something else to make up for the trouble."

    Did it all the time.

  • source
  • parent
  • hideshow 5 child comments
  • [–] 10 points 4 months ago (3 children)

    I made a ton of money building reporting systems which made it simple to identify this form of gaming sales numbers to fit targets.

    Thank you.

  • source
  • parent
  • hideshow 3 child comments
  • [–] 15 points 4 months ago* (2 children)

    So the bosses would know I was doing that? Who do you think told me to do it? LOL.

  • source
  • parent
  • hideshow 2 child comments
  • [–] 13 points 4 months ago (6 children)

    Yeah, my company is chasing an IPO and so is slashing wages. People are leaving in droves, but since it makes number go up…

    No care whatsoever about post IPO. It’s going to be awful.

  • source
  • parent
  • hideshow 6 child comments
  • [–] 2 points 4 months ago (3 children)

    God, how I love people who throw acronyms around expecting everyone to know them

  • source
  • parent
  • hideshow 3 child comments
  • [–] 4 points 4 months ago (1 child)

    IPO: initial public offering. Means when a private business goes public (and is therefore able to be traded on the stock market). The CEO loses a lot of their stock during the process, so it's in the CEO's best interest to rugpull as hard as possible during an IPO so that they can cash out.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 4 points 4 months ago

    thats what spez did with REDDIT, he made hundreds of millions as soon IPO happened, now he needs to keep afloat long enough to be an entrenched propaganda machine, while still earning from advertisements, or funding by propaganda groups.

  • source
  • parent
  • [–] 9 points 4 months ago

    "I'll just make a well timed bet on my company declaring bankruptcy right before we release a dumpster fire earnings report and ride off into the sunset. I'm a good person who makes the world a better place, my child's little league coach told me so when I took my turn buying pizza for the team."

  • source
  • parent
  • [–] 2 points 4 months ago (1 child)

    they are all pretty much run like a PE firm.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 2 points 4 months ago

    Steve Jobs actually mentioned this happens when leadership comes from a sales focused, rather then product focused, background. Everything becomes short term thinking, and then they dip when they see/reach the inflection point of their profit growth, and blame the inevitable company failure on the next guy

  • source
  • parent