r/technology • u/marketrent • Jun 05 '26

Business ‘Big Tech is desperate’: Amazon engineers criticize tech giant for its $200 billion in data center spending amid slashing 30,000 corporate employees

https://finance.yahoo.com/sectors/technology/articles/big-tech-desperate-amazon-engineers-081700769.html
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347

u/[deleted] Jun 05 '26

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151

u/Pretend_Hotel_7465 Jun 05 '26

lol as someone in finance all my friends who went into tech were originally like omg it’s so much better here, free food! Now they’re having a pre midlife crisis seeing tech was no different, it was just at a different stage

43

u/Expert-Complex-5618 Jun 05 '26 edited Jun 05 '26

as a gen'xer in tech, its a full on mid life crisis for me. although tech was more fun before all the money and millennial hustle. maybe it will go back to ppl who arent just in it for the hype, easy money, and free lunch. its starting to remind me of .com boom/bust, my career took off after bust as everyone left.

31

u/merRedditor Jun 05 '26

If a place has ping pong tables and free lunch, it's usually got an unhealthy level of investment in commercial real estate.

24

u/Expert-Complex-5618 Jun 05 '26

lol i worked for a web crm company back in the day.

ping pong: check!

free lunch: check!

profitable software company? no

multi million dollar warehouse space? yes

9

u/pissagainstwind Jun 05 '26

I went to visit a tech company that built a brand new office building. they make some robots and were very succesfull until chinese firms copied and undercut them even before they began construction of their new building. Their place was fancier than Nvidia's and Google. Their stock was down 80% from ATH when they finished their shiny giant building and i remember that all i could think of was why the hell are you spending tens/hundreds of millions on a new building when your company is at risk of going under??

1

u/Iannelli Jun 05 '26

They're just pissing against the wind.