Today’s 3 Things III – Tech Layoffs, Employer Spyware, Private Market Valuations

  1. Tech companies doing mass layoffs is no longer surprising, but it is jarring to see employers resort to the axe when there is so much evidence out that that points to massive erosion in goodwill, trust and morale when employees are summarily dismissed. And the human cost of it, is so painful and unnecessary. There is always a better way to do this – but too many employers are too scared, or too lazy, to do the right thing.
  2. So… there’s this thing called employer spyware now, where employers would install software of company computers that would monitor your work activities, figure out if you’ve been spending too much time on Twitter (or, like in my case right now, blogging haha), even monitor your keystrokes. You can even get dismissed from work, with Big Brother software bearing witness against you and lazy-ass ways. Creepy. Should we all be worried now?
  3. In Warren Buffett’s memorable phrasing, when the tide finally goes out is when you know who has been swimming naked. This has certainly been the case in the past few months, as central banks ratchet up interest rates and companies find it increasingly harder to raise funds. More scrutiny is now being brought to bear in private markets, especially when it comes to asset valuations in PE and VC portfolios. This is not new, of course, but the “funding winter” is certainly shining a light on how real the purported overperformance in private markets really is.