This IMO is about companies finding it easier to manage to mediocrity rather than managing towards excellence
They don't need innovation anymore. They need general competence to maintain a business model.
At the large scale company, a cryptography dept can live without an amazing expert. They'll hire some middling crypto people, and they'll generally be fine. These companies have some massive moat, and dethroning them from that moat would be a multi-generational effort.
So when he says "My Prediction"
> Every company that issued forced relocation ultimatums to their pre-pandemic remote workers will not only lose most (if not all) their top talent in the next year, but they will struggle to hire for at least the coming decade.
Their brands as big, stable companies will let them continue to hire boring, mediocre, but good-enough employees willing to relocate. That's my prediction.. Nothing big will really change.
Optimistically though the companies that need excellence over mediocrity are startups, and I'm hopeful it'll drive talent into that space to truly innovate beyond Amazon or whomever's latest TPS report
They don't need innovation anymore. They need general competence to maintain a business model.
At the large scale company, a cryptography dept can live without an amazing expert. They'll hire some middling crypto people, and they'll generally be fine. These companies have some massive moat, and dethroning them from that moat would be a multi-generational effort.
So when he says "My Prediction"
> Every company that issued forced relocation ultimatums to their pre-pandemic remote workers will not only lose most (if not all) their top talent in the next year, but they will struggle to hire for at least the coming decade.
Their brands as big, stable companies will let them continue to hire boring, mediocre, but good-enough employees willing to relocate. That's my prediction.. Nothing big will really change.
Optimistically though the companies that need excellence over mediocrity are startups, and I'm hopeful it'll drive talent into that space to truly innovate beyond Amazon or whomever's latest TPS report