In The Tech Bubble Already Burst, It Was a Murder-Suicide Melanie at melkat.blog writes:
Throughout my tech career, people I worked with would often ponder when the next bubble would burst. Well, it came and went and no one noticed, because it was a murder-suicide.
Boom goes the dynamite already. I like it.
In 2020 tech became obsessed with drama, and the companies screamed, “If everyone stays home all the time no one will use our products or see our ads!” It didn’t make sense then, but this was the excuse they used to cut pay and lay people off. Then when they realized they were all online companies and that people would use the internet at home they cast their next spell: laying off employees for the fun of the sport. They claimed no one wanted to work, which should mean the layoffs take care of themselves, but no, they had to take the jobs by force. It sure sounds like nobody wanted to work if you had to kick ‘em to the curb, right? And now we are in a hellscape where working conditions are so bad that employees are quitting in protest. The remaining employees get laid off. Oh, and no one is hiring.
I find myself in this same situation, and to be honest, I am still angry and bitter and it’s been close to four years already.
There’s a reason Marie Antoinette lost her head.