The God delusion: How tech-bros mistook operating leverage for genius
During the boom, tech-heads spruiked their investment records while belittling traditional jobs. But the tides have turned. Instead of soaking in the schadenfreude, we should learn from their mistakes
It's been a rough couple of years for software companies. Tech stocks, which were propelled ever higher by low-interest rates and investor imagination, have been falling. Many employees at these firms have lost their jobs. According to TrueUp, a tech company tracker, the firms they watch have fired 447,000 workers in the pa…