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Pressure is ramping up in Big Tech. Employees told BI how they feel about it.
- Tech companies are changing their approach, emphasizing efficiency and hard-driving strategies over perks and pampering for employees.
- CEOs are implementing measures like performance-based cuts, return-to-office mandates, and stripping of workplace perks to convey a more aggressive stance.
- Examples include Meta's push for 'masculine energy,' Google's efficiency drive, and Microsoft culling low performers.
- Elon Musk's Twitter acquisition saw sweeping cuts, removal of free lunches, and a move towards an 'extremely hardcore' vision.
- Employee perspectives reveal increased pressure, aggressive performance management, and the need to excel in roles across tech giants and startups.
- In markets, Tesla's stock slide continues, stagflation fears rise, and predictions on stock movements should avoid relying solely on news headlines.
- Alphabet's $32 billion acquisition of Wiz could impact other startups and test regulatory waters under Trump.
- Elon Musk's absence as CEO raises concerns about company morale and productivity, while Nvidia's CEO shares future plans at a conference.
- Real estate industry changes, the perception of a 'vibecession,' and JPMorgan's plans for returning employees add to the business landscape.
- In other news, potential deals between Trump and Putin, implications of DOGE cuts, and JPMorgan's office return plans are also highlighted.
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