NNT: FROM THE COMPANY MAN TO THE COMPANIES PERSON - excerpt from Chapter 3 of SITG:
Someone who has been employed for a while is giving you the evidence of submission.
Evidence of submission is displayed by having gone through years of the ritual of depriving himself of his personal freedom for nine hours every day, punctual arrival at an office, denying himself his own schedule, and not having beaten up anyone. You have an obedient, housebroken dog.
Employees are more risk averse, they fear being fired more than contractors do being sued.
Even when the employees ceases to be an employee, they will remain diligent. The longer the person stays with a company, the more emotional investment they will have in staying and, when leaving, are guaranteed in doing an “honorable exit”.
-From The Company Man to The Companies Person-
So if employees lower your tail risk, so do you lower theirs as well. Or at least, that’s what they think you do.
At the time of writing, firms stay in the top league by size (the so-called SP500) only about between ten and fifteen years. Companies exit the SP500 through mergers or by shrinking their business, both conditions leading to layoffs. Throughout the twentieth Century, however, expected duration was more than sixty years. Longevity for large firms was greater; people stayed with a large firm for their entire life. There was such a thing as a company man (restricting the gender here is appropriate as company men were almost all men).
The company man –which dominated the twentieth Century –is best defined as someone whose identity is impregnated with the stamp the firm wants to give him. He dresses the part, even uses the language the company expects him to have. His social life is so invested in the company that leaving it inflicts a huge penalty, like banishment from Athens under the Ostrakon. Saturday nights, he goes out with other company men and spouses sharing company jokes. In return, the firm has a pact to keep him on the books as long as feasible, that is, until mandatory retirement after which he would go play golf with a comfortable pension, with as partners former co-workers. The system worked when large corporations survived a long time and were perceived to be longer lasting than nation-states.
About in the 1990s, people suddenly realized that working as a company man was safe… provided the company stayed around. But the technological revolution that took place in Silicon valley put traditional companies under financial threat. For instance, after the rise of Microsoft and the personal computer, IBM which was the main farm for company men, had to lay off a proportion of its “lifers” who then realized that the low-risk profile of the position wasn’t so much low risk. These people couldn’t find a job elsewhere; they were of no use to anyone outside IBM. Even their sense of humor failed outside of the corporate culture...
----
if you want to learn how to job hop in tech w good offers then: Everyone Can Get a New Job in Tech - all the hacks & how to "play the game" claim early-bird coupon @
rational.school
(you can then leverage job experience to become self-employed or just use the funding (salary) from job to Mohnishmaxx & build ur own biz on the side without BS VC dilution, retaining control & freedom :))
Accidentally opened LinkedIn today and saw a bunch of ex-colleagues got laid off. Not bloated middle managers, but purple badge senior engineers with 15+ years at the company.