The Dangers of Founder/C-Suite Myopia
The tech times, they are a-changing. Companies are laying off big time and basically across the board, meaning companies large and small, or are in hiring freeze mode. Google employees weren’t happy when they were told that their travel and swag budgets were being cut. Oh, in case you didn’t see the memo, the days of Tech Entitlement are over, too. The economy isn’t what it was during the halcyon days of tech and, news flash – the tech sector is not immune.
Speaking of behemoths, Amazon Abandons Home Delivery Robot Tests in Latest Cost Cuts, Reuters reported. Called Scout, “The slow-moving devices, accompanied by human minders during tests, were designed to stop at a front door and pop open their lids so a customer could pick up a package. Amazon said the battery-powered robots were part of an effort to reduce greenhouse gas emissions in its delivery operations.”
Amazon is feeling the slower sales, too. Then again, the lockdowns are over, and people can go past their doorsteps once again and shop. With many smaller stores shut down in the lockdown era. Amazon was a go-to, and boom! Hockey stick growth. Now, not so much and they’re cost-cutting too, given their now ‘slow growth.’ Did the company think they’d maintain lockdown-level growth or conditions forever? Even hockey sticks have an end point – something tech and tech investors could seemingly never quite grok.
