https://www.businessinsider.com/elon-musk-laid-off-twitter-workers-value-tech-jobs-work-2023-5
Discourse has recently raged over the apparent trend of "fake work," with some execs and investors claiming that tech companies overhired and gave people unnecessary jobs as a "vanity metric." Proponents of the theory say that this is why tech giants are now slashing so many jobs.
it was bad. it created a labor aristocracy who didn't understand their class interests; the whole project was based on making the Internet terrible with ads/casino psychology and exploiting more precarious workers, ruining whole categories of existing jobs; and every city that used to be worth living in was devastated by the influx of money into this useless group of workers. like this is a big part of why the rent is so damn high.