With tech advancements, come necessary changes. And gone are the days when companies offered onsite dry cleaning, snack bars, massage services and other luxurious benefits as part of the perk package. Instead of these lavish add-ons, companies are making financial incentives their top priority and cutting costs to invest in the technology wave.
Microsoft CEO Chris Capossela has reportedly cut pay and bonus policies, which gives a better understanding of how the lucrative tech market is shifting as it faces its current crisis. To get a full idea of the talent that leads Google Cloud’s50,000+ employees, you can now explore the interactive org chart. This workflow of 109 top-level vice presidents and lieutenants show who is setting the tone for the software empire.
On the flip side, many restaurants are transitioning from the once on-trend QR code menus to the original physical copies, making dining experiences more enjoyable. Plus, recent news reports said that Amazon just opened its second headquarters dubbed “Metropolitan Park”, which is filled with wonderful features such as food stalls, rooftop gardens, and children’s playgrounds.
Leading the charge of the tech industry is Diamond Naga Siu, a recent colleague of mine at Insider, who recently did a report on how moving to Portugal became more expensive with the influx of people from the US.
While some of these tech perks might make us nostalgic, there are some positives too. Take Gert-Jan Oksam for example, who was paralyzed from the waist down. After being outfitted with a brain implant, he is now able to walk again.
On top of that, many tech executives are quitting their jobs and moving to startup investments in search of financial stability. While this will bring rewards in the future, the US housing market is currently suffering as there is an astonishing lack of available homes and borrowing rates are steadily climbing.
Finally, Russia’s navy is underwater (figuratively speaking), as the ongoing war with Ukraine has stalled plans to renovate its fleet. All these pieces form an image of the tech sector’s current state, leaving issues that will require the right solutions. So, let’s keep hoping for a better tomorrow.
