• partial_accumen@lemmy.world
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    5 hours ago

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atmosphere of tech offices flush with investment, enjoying luxe catered lunches to attract programming talent, has been replaced by a looming fear that layoffs are just around the corner "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