Yep. The reality is that big tech companies had great talent initially but over the years became bloated and lost, like all mega corp do. But also they still made a lot of money because their advantages are too great for competition to work fairly. So mistakes don’t hurt them.
Now it’s being acknowledged that these companies were either wasteful, or investing in bad ideas, or just getting talent out of the market where other companies could hire them. Either way, I suspect we will see more AI connected press releases for what’s just boring old late stage capitalism type cost cutting.
