Tech work can be highly volatile in the business environment. Maybe its different for new tech workers entering the work force, but for a worker owned company, this can mean large losses of revenue for months. I don’t know many tech workers that are willing to take a massive pay cut to continue to stay and commit to a worker owned company if they personally can find better paying work elsewhere.

From the article:

"The playful atmosphere of tech offices flush with investment, enjoying luxe catered lunches to attract programming talent, has been replaced by a looming fear that layoffs are just around the corner "

This boom-and-bust cycle of tech growth and devastation has happened three times during my IT career. Its even more frequent in specific IT niche industries.

tech being used to better people’s lives rather than make the worst people in the world ever richer

promise everything, deliver nothing

same old same old commies