Generally agree.
But it depends on what your product line is. Does Google want to be Microsoft (new flavor of the same old crap, cloud centric, no special talent needed just competent coders and project leadership) or do they want to be OpenAI (push the envelope of what's possible and commercialize it)?
If the goal is to be Microsoft, this investor's comments are accurate. Fewer staff, less compensation, just get a few well paid product managers with a vision and a buggy whip to drive the coders to build it. Higher margins will mean more profits.
If the goal is to be OpenAI, this investor is dead wrong.
Netflix hasn’t even been following the Netflix strategy.
I was talking about their employees, not their content. Their content strategy is brain dead. They cancel so much stuff that it's not even worth getting into a Netflix show because it'll probably be cancelled after one season.
It might work, in the short term. But without quality content people will give up on Netflix and they will be the 'budget option'.
HBO is doing the same thing- I really think their management must be on drugs or brain damaged or something. HBO was THE most recognizable brand name for QUALITY content in the entire industry, and they killed it in favor of 'max' which is generic and means nothing and blends in with everyone else's 'plus'. And lopping off their own content is equally stupid.
Just like Boeing putting the useless McDonnell Douglas bean counters in charge of the company post merge, WB put the people who ran Discovery into the ground in charge. Sad to watch.
Opt out entirely. Get an electric car. Your gas pump is your garage and you start every day with a full tank.