Many “unicorn” tech startups began with a few engineers and a product they wanted to sell, but over the past decade-plus, they have accrued a bloated bureaucracy of “equity”-minded h.r. activists, ESG-savvy consultants, affinity-group mavens, climate-change specialists, and many other email-caste hangers-on. Now that times are turning bad, tech companies can no longer afford to sustain a massive “court” of professional-class nobility, paying sinecures to sons and daughters of the good and the great who don’t know how to code or crunch numbers, but know how to write emails, hold useless meetings, and talk about diversity and inclusion.
There might be lots of unproductive or counterproductive workers. But are ESG and HR climate change specialists really that big of a % in absolute numbers and payroll. I doubt it