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Co-founder of PayPal: most of the laid-off employees in the technology industry are "pretending to work" to satisfy the company's vanity

2025-01-28 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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Shulou(Shulou.com)11/24 Report--

March 23 news, according to statistics, so far this year, in less than three months, the US technology industry has laid off nearly 100000 people. Some Silicon Valley founders and investors attribute the technology layoffs to over-recruitment and redundant staff "doing nothing".

Recently, Keith Rabois, co-founder of online payments company PayPal and now chief executive of OpenStore, wrote that most laid-off workers in the tech world are "pretending to work" when in fact these jobs don't matter at all.

Mr Rabois, Pexels of Tuyuan, says big technology companies employ too many people to pursue "vanity" brought about by the surge in headcount. In order to look stronger than their competitors, they bring in mediocre, spoiled employees and prevent them from making any useful achievements with their competitors. "all these people are irrelevant, and they have been for a long time," Labouis said. "

Labouis accused thousands of employees of Google and Meta of basically "eating together and waiting to die" and doing nothing. "these people have nothing to do but pretend to work," he said. now that the truth has been exposed, what these people are actually doing, all they know is to have meetings every day. "

Mr Labouis's view has been supported by many wealthy investors and founders. "when you work from home, some people really don't do anything," says Thomas Siebel Sieber, chief executive of C3.ai, an AI company. "if you want to work from home, say four days in your pajamas, go to Facebook!"

In Labouis's view, the way to pretend to work is to hold meetings all the time. For his former entrepreneurial partner, Elon Musk, this means that employees are not in the office or at work. For investor Marc Andreessen, the most typical fake worker is the "laptop class".

Investor David Sachs (David Sacks) is a friend of Musk and another member of the so-called PayPal Mafia. In a video like this last August, he commented and asked: "is there anyone else at work?" Musk responded with a funny emoji.

Musk, who has always been seen as the most outspoken and ruthless chief executive in terms of layoffs, asked employees to promise to work harder and give priority to engineers in areas such as policy, marketing and law at the beginning of his takeover. Not the interests of ordinary employees.

"maybe some greedy VCs are trying to keep wages down," said one of Mr Labouis's critics. I have worked for several companies that are supposed to be good at work-life balance, but in fact everyone has a lot of work to do. "

In most startups, it's impossible to pretend to work, says one investor. Investor Eugene Malobrodsky said: "it's easy to get lost in a big company, but for startups, pretending to work is impossible to escape surveillance. I think it's a mistake to say that a lot of people are pretending to work, especially if the company has deployed monitoring tools."

But while not publicly agreeing with Labouis, Musk, Anderson, Sieber and Sachs, it is clear that other technology chief executives are following Mr Musk's lead.

According to MetaMates Talent Directory, Meta laid off more than 11000 people in November, about 70 per cent of which occurred in recruitment, product, marketing, operations, design and sales departments. MetaMates Talent Directory is a data sheet created by Meta employees to track positions that have been laid off. Only 22% of layoffs come from engineering teams.

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