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It’s all industries. Because capitalism.
My old company (big, not consulting) just told people they are suspending the 401k match and bonuses this year. They are blaming tariffs. But yet the C suite is taking no reductions. It’s a joke.
This has been the continual trend for years and the talking heads still scratch their heads wondering why the pipeline is drying up. I get that big corps are trying to maximize shareholder value but this seems to be mainly a USA issue. European corps don't follow this same method and still seem to have sustainable growth. Maybe I'm missing something but it just seems like the USA is normalizing top level greed and treating employees like production robots.
Correct.
Absolutely. I stayed after the last round of cuts, and instead of “rebalancing,” all it meant was I took on two extra clients and no one adjusted the expectations. We’re being told it’s all part of the “new normal,” but it just feels like slow-motion burnout.
Because the clients are using AI for stuff we used to do, so our companies are telling us to use AI we say is better than what the client has to show they client they need us. It’s a race to the bottom this time with outsourcing and AI. Peak capitalism at work.
Don't kid yourself. It has been a race to the bottom for decades, and every one of those years corporations have been pouring money into finding the solution to not pay their workers. Exponential profit growth and growing wealth inequality is just not sustainable because more and more we're just supporting a cancerous class of people who take a bigger and bigger share of the productivity pie they do not contribute to.