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None of these fuckers think long term. it's all quarter by quarter. I see it in my job even with startups. Build something now, use AI, it works now? great. it won't scale a year or two down the line? that's a problem for future me.
Are we making money now? great. what do you mean a year or two down the line there will be no one left that makes enough money to buy our shit? that's a problem for future me.
The last corporate job I had before going into business myself, was as a sales manager for a Fortune 100 company.
It was very common at the end of a quarter to have to call around to wholesale customers, and beg them to take a pallette of some poorly selling sku, telling them "Don't even unwrap it. Just stick it in a corner of the warehouse, and when the quarter turns, I'll authorize a return of the inventory, and give you a discount on something else to make up for the trouble."
Did it all the time.
I made a ton of money building reporting systems which made it simple to identify this form of gaming sales numbers to fit targets.
Thank you.
So the bosses would know I was doing that? Who do you think told me to do it? LOL.
Generally, I was working for the boss's boss's boss.
Yeah, it went all the way to the top. Those guys wanted it done. It wasn't the top brass we were fooling, it was the stock holders, who were reacting to quarterly numbers that were essentially faked.
But business and something about being more efficient or something like that.
Yeah, my company is chasing an IPO and so is slashing wages. People are leaving in droves, but since it makes number go up…
No care whatsoever about post IPO. It’s going to be awful.
God, how I love people who throw acronyms around expecting everyone to know them
name? i love trading a good shitco IPO
I have an interview next week, I can’t risk it just yet. Plus it’s mostly internal speculation as nothing but the salary reductions have been announced.
"I'll just make a well timed bet on my company declaring bankruptcy right before we release a dumpster fire earnings report and ride off into the sunset. I'm a good person who makes the world a better place, my child's little league coach told me so when I took my turn buying pizza for the team."
"gotta move fast and break things like Elon!"