Billionaire tech CEO says Meta and Google over-hired so much they didn’t have enough work for employees: ‘They really were doing nothing’

    Billionaire tech CEO says Meta and Google over-hired so much they didn’t have enough work for employees: ‘They really were doing nothing’
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    Billionaire tech CEO says Meta and Google over-hired so much they didn’t have enough work for employees: ‘They really were doing nothing’
    Billionaire tech CEO Thomas Siebel says it is ‘bizarre’ that Meta and Google over-hired and did not have jobs for them to do.

    •’s CEO said Google and Meta over-hired staff and did not have sufficient work for them to do.
    • Thomas Siebel joked that if you wish to work distant “in your pajamas,” you must work at Facebook.
    • Siebel is one in every of a number of executives to specific concern about distant work.

    Billionaire tech CEO Thomas Siebel says the “craziness” has lastly gone out of the market in the case of over-hiring at firms like Meta and Google.

    “This whole thing just has to clear itself out,” Siebel told Insider, saying it is “weird” that Google and Meta employed staff once they “didn’t have jobs for these people.”

    “They really were doing nothing working from home,” said Siebel, who runs the enterprise AI firm and has a web price of $3.5 billion, in response to Forbes.

    Companies like Meta and Google went on hiring sprees throughout the onset of the pandemic, however in more latest months the businesses have laid off tens of 1000’s of employees amid fears of a recession.

    Siebel said his software program firm, which has a workers of about 1,00, takes a more cautious strategy in the case of bringing in new employees. He said that topics candidates to a extremely aggressive interview course of, filtering potential hires by whether or not they match the corporate’s exhausting driving tradition. Out of some 4,000 interview candidates over the last year, the corporate employed simply 300 staff, he said. 

    “I’m not suggesting that we’re in any way superior in our work ethic, but there are people who like to work together in teams, and have a book in their hand, and like to work on really hard problems,” Siebel said.

    “That’s who we are and if that’s the kind of person you are, you’ll like it at C3,” he added. “If you want to work from home, like four days of work in your pajamas, go to work for Facebook.” 

    The billionaire joked that his firm instituted a “voluntary” work from office coverage in 2021.

    “You’re either voluntarily at your desk or you voluntarily went to work someplace else,” Siebel said, referencing his firm’s agency return-to-office mandate.

    He took a veiled jab at Google, exhibiting an image he said was taken on Friday, February 24 at 3:30 p.m. that confirmed’s parking zone was full, whereas the parking zone for a high tech firm he declined to call was nearly empty. Using Google Maps, Insider was capable of determine the close by parking zone as belonging to one in every of Google’s places of work in California.

    Spokespeople for Meta and Google didn’t reply to a request for remark forward of publication.

    On Saturday, former Meta employee Britney Levy said in a TikTok that she was “put into a group of individuals that was not working” before she was laid off earlier this year.

    “You had to fight to find work,” Levy said. “It was a very strange environment and it kind of seemed like Meta was hiring us so other companies couldn’t have us and then they were just kind of hoarding us like Pokemon cards.”

    @clearlythere #sew with @roilysm #meta #metalayoffs #tech #techtok #techlayoffs #businessinsider #information #google #work #profession #metaseverance #fyp #enterprise ♬ original sound – Brit


    Siebel is much from the first executive to specific concern that tech employees aren’t doing sufficient work. Earlier this month, PayPal Mafia’s Keith Rabois said Google and Meta employed 1000’s of workers who do “fake work’ — a view which has gained some traction among some Silicon Valley investors and founders.

    Last year, Microsoft CEO Satya Nadella warned that remote work has spurred “productiveness paranoia” among managers.

    “Leaders suppose their staff are usually not productive, whereas staff suppose they’re being productive and in many circumstances even really feel burnt out,” Nadella said.

    The New York Times reported in August that companies are increasingly turning to worker surveillance measures amid the office landscape which has become focused on remote and hybrid work environments. The publication detailed multiple methods companies had employed to measure workers’ productivity, from tracking mouse clicks and keystrokes to having staff take random photos to insure the workers were at their computers.

    Read the original article on Business Insider