> At tech companies some roles are highly leveraged… These leveraged roles can create enormous amounts of value, but the unlock in technology can come from a single person, a single insight.
This core idea about tech employees having high leverage is spot on. It not only results in the high compensation that tech enjoys at the moment, but also explains why attrition and layoffs are a part of the process. Companies with a lot to gain from technology are willing to throw money into hiring, but are simultaneously figuring out which roles are actually paying off and which ones aren’t.
This core idea about tech employees having high leverage is spot on. It not only results in the high compensation that tech enjoys at the moment, but also explains why attrition and layoffs are a part of the process. Companies with a lot to gain from technology are willing to throw money into hiring, but are simultaneously figuring out which roles are actually paying off and which ones aren’t.