this post was submitted on 24 Nov 2023
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Honestly, this is just big tech all over. I don't think there are many people that work at FAANG companies any more that feel things are better than they were even 3-4 years ago. They are no longer idealised, and CEO's have decided to take company failures out on employees instead of their inability to target long-term success. I've friends at Amazon, Google, and Apple - all say that their "culture" is basically dead.
IMO, we've reached a point where all of the big names in tech are now out of ideas. None of them have innovated in recent years, outside of (maybe) AI, and the culture of supporting moonshot ideas (where someone can work on something new/exciting and not be personally liable if it doesn't work out) is now dead with layoffs in these divisions. The only incentive that big tech has any more is pay, and with no long-term stability and pay decreasing over time, I think we'll see a shift away from FAANG and towards the new breed of tech. FAANG will become the IBM and Oracle's of tech, and things will move on.
I've never heard of FAANG before. What is it?
It's shorthand for Facebook, Amazon, Apple, Netflix, and Google.