Tag: corpocracy

Death by Diversity

Boeing is laying off 17,000 employees in the aftermath of a series of diversity-inspired disasters:

The US manufacturer Boeing has announced plans to eliminate around 10% of its workforce over the coming months, as the aerospace giant’s losses continue to mount and a strike undercuts the production of its best-selling planes.

The job cuts will include executives and managers in addition to ordinary employees, according to a memo shared by the company’s new president and CEO Kelly Ortberg on Friday. The corporation employs nearly 170,000 people worldwide.

“Our business is in a difficult position, and it is hard to overstate the challenges we face together,” said Ortberg, who became CEO of the troubled aircraft maker two months ago. A month after he took the helm, 33,000 hourly workers went on strike. “We reset our workforce levels to align with our financial reality and to a more focused set of priorities,” he added.

The “tough” decision is aimed at completing structural changes that will ensure the company’s ability to stay competitive and execute the customers’ orders over the long term, the CEO emphasized.

It’s not going to make any difference whatsoever if they don’t a) abandon their commitment to diversity and b) get rid of all the employees who were hired for their diversity instead of their excellence. Any company that has a commitment to diversity necessarily lacks a commitment to excellence, or even basic competence, and which will eventually have very negative consequences for its products and services.

DISCUSS ON SG

The Invasion is No Accident

The wave of Indians invading the corpocracy is not an accident. As is always the case among those from low-trust societies, once one is in, their primary objective is to allow more in. And once they gain control of HR, they exclude the natives. It doesn’t matter if it’s Jews controlling the entrance departments of the Ivy League schools or Indians controlling the employment agencies, the same process will be observed:

A company that supplies thousands of workers for Silicon Valley’s technology industry and other Bay Area employers intentionally discriminated against non-Indian workers, a jury has found.

The jury verdict against Cognizant, founded in Chennai and now headquartered in New Jersey, came Friday in a class-action lawsuit that revolved around claims the firm abused the H-1B visa process. The visa is intended for workers with specialized skills, and Silicon Valley tech firms rely on it heavily to secure top talent and also to obtain workers for lower-level jobs via Cognizant and other staffing firms.

Three U.S.-born workers described in the lawsuit as “Caucasian” — Vartan Piroumian of California, Christy Palmer of Arizona and Edward Cox of Texas — sued Cognizant in U.S. District Court in Los Angeles in 2017. Another plaintiff described as Caucasian, Jean-Claude Franchitti, a green card holder from France, joined as a plaintiff later.

The lawsuit claimed Cognizant ousted many non-Indian workers by first taking them off projects and “benching” them without work, then keeping them benched until firing them in accordance with a company policy.

Cognizant said Monday it was “disappointed with the verdict” and would appeal.

“We provide equal employment opportunities for all employees and have built a diverse and inclusive workplace that promotes a culture of belonging in which all employees feel valued, are engaged and have the opportunity to develop and succeed,” the company said. “Cognizant does not tolerate discrimination and takes such claims seriously.”

Federal government data show Cognizant obtains H-1B visas for hundreds of Indian citizens to work in Bay Area jobs per year, said Ron Hira, a Howard University professor who studies the visa and testified for the plaintiffs in the lawsuit. Data from 2023 show Cognizant placed H-1B holders at Bay Area employers ranging from Google, Meta and Apple to PG&E, Kaiser Permanente and Walmart.

The H-1B has become a political flashpoint. Critics point to abuses including replacement of U.S. workers by visa holders, while the tech industry lobbies to boost the annual cap on new visas past 85,000.

The most recent research, by the Bay Area Council, showed nearly 60,000 foreign citizens on the H-1B were approved to work for Bay Area companies in 2019. The vast majority are from India.

A company, a company “founded in Chennai,” which is the city “formerly known as Madras, is the capital city of Tamil Nadu, the southernmost state of India. It is the state’s primate city and is located on the Coromandel Coast of the Bay of Bengal.”

So an Indian company gets a foothold into the Silicon Valley HR departments, controls access to the jobs distributed there, and promptly floods all of the corporations with Indians. This is yet another reason why anti-discrimination laws are unjust and need to be abolished on the basis of violating the freedom of association. Discrimination is a good and necessary policy on the part of any employer; one always must discriminate on the basis of competence and agreeability if the operation is to function correctly. If the discrimination is not open and above-board on the part of the natives, it will be subversive and destructive on the part of the invaders.

UPDATE: An informative comment on SG: The company I used to work for hired a “British” CEO. Within a year, 75% of the C suite was Indian, and my whole team was outsourced to India. The stock has tanked 90% in 2 years.

DISCUSS ON SG

The Corpocracy Devours Itself

I thought the most informative aspect of this IBM employee’s critical rant about the former tech giant is the way it reveals how the corpocracy ends up devouring itself once it makes the shift from production to services. We’re presently seeing this transformation take place in the game space, as the corpocratic-“game developers” seek to capture customers and feed upon them over time rather than simply make good games and sell them to gamers.

And the larger corporations, of course, can’t survive by feeding on individual consumers, so they have to predate upon smaller corporations, locking them into “service contracts” and keeping them dependent upon their increasingly inferior technologies. The inevitable results are exactly the opposite of the theoretical benefits of so-called “capitalism”.

I have been at IBM for a couple of years now and I honestly question why any of us are still here, pretending that this company is going to turn it around. Our best days are long gone and what we are witnessing is the slow, painful death of IBM yet we are still on this sinking ship.

IBM Cloud is an absolute joke. It accounts for an extremely tiny fraction of the market and only because most companies that use it are trapped with IBM’s legacy systems. They’re not using it because it’s good but because they have no choice. We bought Red Hat for $34 billion because we dropped the ball so hard on cloud. Why build innovative cloud solutions when we can just acquire something decent and slap our logo on it? Our hybrid cloud strategy is merging old systems with slightly newer systems. Most of our cloud revenue comes from services, consulting, and managing cloud infrastructure AKA getting paid to help other companies figure out our legacy technology.

This is mostly why Global Services is our biggest revenue stream. We basically sell the solution to problems that IBM products make. Our strategy is to sell complexity and eventually that company spirals into integration nightmares so they crawl back to IBM consultants to fix it.

IBM makes billions from just keeping system Z mainframes on life support because they are the backbone to so many major institutions. We can charge a ridiculous amount for software fees for enterprise software and they have no choice but to pay up in order to stay alive. The complexity and cost to move off these systems that have been built for decades is too high and we exploit that tremendously with insane maintenance fees.

This is exactly how our software licensing works too. We just lock companies into proprietary software hell for decades because our core software products like DB2 and Websphere have become deeply embedded in the infrastructure of large organizations. Companies are trapped when we charge high maintenance and support fees and they have to shell out for upgrades they barely need. ELAs are traps designed to squeeze as much money as we can possibly can.

We fail to integrate our acquisitions within our corporate strategy. We just have a mix of cloud platform extensions, AI solutions, and industry specific solutions. We are not innovating ourselves. This is more to help our consulting sales than it is to make a competitive product strategy.

watsonx is a desperate scramble to pretend that we are in the AI market. Everyone knows that we’re not coming up with anything innovative. We are just riding off the coattails of Meta and other open source models just like what we did with Red Hat. No one new will ever adopt watsonx. This is again targeted for our legacy customers who are trapped. It is all just mostly repackaged algorithms and models that everyone is already doing.

Our workforce rebalancing efforts aka our cost cutting strategy by offshoring and replacing highly-paid employees with lower-wage employees has ultimately damaged our long-term profitability. Employees feel less motivated and valued when we see our peers get laid off for cheap labor in India. Employee motivation, experience, and collaboration are crucial for overall productivity and long-term success, but we do it value any of that. It’s all for the short-term profit gains, which again will be overtaken by the long-term negative impact of declining productivity.

Our future is collapsing rapidly. We are holding onto legacy contracts and mainframe lifelines but once those clients migrate off, IBM is left with nothing but scraps. Microsoft, Google, AWS will destroy us as cloud AI leaders and eventually, they will also perfect mainframe-to-migration tools and our mainframe clients with jump ship. I envision we will be sold off as pieces or die all together.

So again, I ask: Why are you still here? IBM is draining your energy and trapping you in an endless cycle of bureaucracy, outdated tech, and corporate nonsense. Do you truly believe that watsonx or IBM Cloud will save us? There is no growth or innovation and you will either be patching up legacy systems, trying to sell dead AI products, or stuck in consulting purgatory. We are not turning it around. Get out while you can and develop skills in modern technology and work somewhere where the future is bright.

TLDR; IBM monetizes on confusion, legacy systems, and corporate inertia. We sell tech to trap companies in it, then charge them forever to keep it working. The only reason companies are with IBM is because the cost of leaving is higher than the cost of staying and we make billions just off that equation. There is no bright future.

DISCUSS ON SG

The Dangers of Selling Out

Football Outsiders went from a high-quality and influential site to extinction in barely 12 months thanks to selling out to some Canadian financial pirates:

Football Outsiders was founded in 2003 by Aaron Schatz. What began as his passion project grew into a fully fledged website for advanced football analytics and statistics such as DVOA (Defense-adjusted Value Over Average). Football Outsiders went on to strike partnerships with ESPN and became a popular source for hardcore football nerds and casual fans alike. In 2018, Schatz sold Football Outsiders to a company called EdjSports. He stayed on as editor-in-chief, and, according to longtime Football Outsiders writer Mike Tanier, the site continued to operate as normal.

Then, in September 2021, Champion Gaming, co-founded by Simmonds and Hershman, entered the picture. It acquired EdjSports, and Football Outsiders along with it, in late 2021 as part of a “reverse takeover,” a way for private companies to go public quickly without having to go through an Initial Public Offering. As part of the deal, Champion Gaming merged with a shell company called Prime City One Capital. According to a news report from the time, “the group closed a funding round of $3.65 million (CAD $4.62 million), giving it a roughly $12.3 million post-money valuation, and it is on track to begin trading in a few weeks.”

Champion Gaming had ambitions to expand beyond NFL coverage. It struck a licensing deal with Inpredictable, an NBA analytics website run by Mike Beuoy, and partnered with SharpRank, a sports betting resource. The terms and status of these partnerships are unclear; Beuoy and SharpRank did not respond to queries. Champion Gaming also brought on Chris Spagnuolo to oversee content (for a particular microgeneration of sports media consumers, Spagnuolo is best known as the guy who left Barstool Sports after writing a blog calling Rihanna fat), and hired ESPN’s Katie George to be a brand ambassador and create video content. Spagnuolo declined to comment. Defector was not able to reach George for comment.

By the summer after the takeover, changes at the top of the company were underway. In June 2022, Simmonds took over from Hershman as CEO; Wickham took over as CFO; and the company’s president, Chief Innovation Officer, and director all resigned. The company framed the changes as an exciting new chapter. Of Simmonds’s ascent to CEO, Hershman said in a press release, “Given his previous experience as a public markets CEO and his extensive background in online gambling, the board of directors and I determined that his leadership of the Company would be both ideal and appropriate to steer us going forward as we build a leading sports content and data intelligence business.”

But by the fall there were signs that the company was floundering. According to financial documents filed in November 2022, which are publicly available through Sedar, Canada’s securities filing system, the company had little cash flow and was carrying significant debt, especially relative to its revenues. In the first nine months of 2022, Champion Gaming reported $969,789 in revenue and $5,619,803 in losses. (All monetary figures cited in the filings are in CAD.) As of Sept. 30, 2022, the entire company had only $55,776 in cash, with even less coming in. As of the same date, the accounts receivable, meaning revenue the company accrued, but which they still needed to be paid, was only $13,911. On page six of the same filing, the company wrote: “These material uncertainties cast significant doubt as to the Company’s ability to continue as a going concern.”

We were never going to sell out, but rest assured we have learned our lesson about the importance of staying in your lane and focusing relentlessly on what you do best. My answer now to the people both within and without the community who tell me “you know, you should do X” is very short and unmistakably negative.

No short cuts. No outside assistance. No wild ambitions. Just the slow and organic growth that comes from steadily improving quality and value. Castalia History is the only sort of growth we want; it’s now very nearly as large as the Library subscription and all four of the first books have sold out whereas none of our competitors can say the same of most of their recent books with similar print runs.

DISCUSS ON SG

Shots Fired

Mike Florio takes a very serious and very public shot at Panthers’ owner David Tepper:

And the incoming quarterbacks have more power than ever before. Their money is the source of it. They have earned plenty. They have (or should have) banked a lot of it. They can make it clear to the Panthers, privately or if need be publicly, that they won’t sign a contract with the Panthers. That whoever is drafted by Tepper’s team will sit out for a year, live off his NIL money (and possibly earn more of it), and re-enter the draft the next time around. That’s how it works. If a player is drafted and doesn’t sign a contract, he re-enters the next draft. If he does it again, he can pick whichever team he wants after the next draft…

It’s high time for incoming quarterbacks to take a stand when it comes to being forced to play for an inept organization. And there’s always strength in numbers. The Panthers should be the first target for a collective “no thanks” by the top prospects.

Florio tends to be a little too inclined to tell other people what they should do for my liking. But for once, his inclination toward interference in the business of others is both justified and sound. David Tepper always looked like he’d be a disaster as an NFL team owner and a disaster is exactly what he’s turned out to be. In fact, it wouldn’t be surprising if there are more influential NFL figures speaking through Florio’s voice here.

DISCUSS ON SG

The Retardery Burns

On Friday, BackerKit’s Trust and Safety informed us of their “final decision” that the Hypergamouse crowdfunding campaign scheduled to start that very day was cancelled, and that their platform was off-limits to us due to some unspecified associations with some unidentified badthinkers. So, naturally, they emailed us today wanting to know why we’d missed our launch date.

Hypergamouse Volume 1’s launch date has passed. How can we help?

Hypergamouse Volume 1 was scheduled to launch on 09/12/24.

Have your plans changed? Did we miss your launch? Let us know so we know how best to support you.

Have any questions? E-mail us at crowdfunding@backerkit.com or just reply to this email.

I sent them what in the circumstances can only be considered a measured response:

You banned our campaign, you morons. Did you somehow forget that? How can you help? It’s a little late for that now. We were reliably informed that your decision is final. We’re going back to our previous crowdfunding partner.

DISCUSS ON SG

The Minestrippers

It’s not just big established companies that are being managed into irrelevance and eventual extinction. A good article on the “mismanagerial class” doesn’t quite get down to the roots of the structural problem with the US corpocracy:

The problem of companies being enthusiastically managed into irrelevance is often simplified to blaming MBAs, but this doesn’t tell the whole story. Although Intel’s Otellini and Boeing’s McNerney were MBAs, Sony’s Idei was just a career manager who went to college in Japan. Jeff Immelt, an MBA, presided over the precipitous decline of General Electric from 2001 to 2017. Yet his notorious predecessor for twenty years, Jack Welch, is often held equally responsible—and he had a PhD in chemical engineering. Westinghouse, once an American industrial conglomerate with a major line of business in building nuclear reactors, undertook a seemingly absurd and ultimately fatal pivot into becoming a media company in the 1990s. The man who led that change, Michael H. Jordan, was a chemical engineer by training too—though also a former McKinsey partner.

Rather, the problem seems to stem from a particular way of thinking about what a company even is, what its goals are, and what measures are or are not appropriate to achieve those goals. In simplified terms, we can think of companies as organized to create value and sustain themselves by capturing a portion of the created value as financial profit. When executives, board members, and major investors manage companies by and for the bottom line, they operate on a theory of the company as a vehicle solely for capturing profit. When this happens, the difficult and holistic question of creating value in the first place—a question unique for every company—simply goes unaddressed. It is treated as a permanently solved, one-time problem that no longer merits attention or resources; at Boeing, for instance, senior engineers were reportedly told they were no longer needed because Boeing’s products were “mature,” as if it was impossible for further progress in airplanes to ever be made. The focus is instead on raising profit margins and share prices through cost-cutting and various other attempts to improve efficiency or appeal to investors. This school of thought appears to be the dominant one in the influential U.S. financial sector and might be termed “shareholder capitalism.”

Outside of software and the few domains where former software entrepreneurs have already founded new market entrants, creating more unique and tangible value is at best a secondary concern after capturing more profit or contributing to the intangible value of a society with socially conscious firms.

This implies that much of the modern economy is not even trying to undertake productive economic activity as it is commonly understood. Though surprising, this conclusion seems to provide a satisfying and elegant explanation for many contemporary socioeconomic mysteries. Though MBAs, financiers, managers, or accountants are perhaps more inclined to view a company as a vehicle for capturing profits or intangibly contributing to society, there is nothing preventing trained engineers from inclining toward the same views as well. After all, engineers are formally trained in engineering, not in an alternative theory of business management.

From startup to giant government-supported effective monopoly, the core concept of the “company” has changed. Until the 1980s, a company was understood to be an organization that existed in order to profitably provide goods and services to its customers. But with the onset of financialization, a company became seen as a vehicle for the transfer of money from the government, from venture capitalists, or from Wall Street to the primary stakeholders. The customers were secondary, the goods and services tertiary. The existing businesses and customer bases are nothing more than mines to be stripped of all their assets, then abandoned, barren and empty.

This is why deplatforming – unthinkable in “the customer is always right era” – is now very common and the quality of the goods being produced and the services being provided is in free fall. The convergence of the corporations is rendering them totally incapable of fulfilling their nominal core functions, and combined with the financialization of the corporate sector, means they’re not even incentivized to attempt to fulfill those functions.

If Lockheed Martin can arrange to get a government contract paying $100 billion for a single jet fighter that cannot even fly, that’s great business by today’s standards. If a startup can receive $1 billion in venture capital without ever generating a single dime of income, that’s a home run by today’s standards. And yet, there is no actual economic activity. There is nothing being produced and no services provided.

In other words, it’s a fragile system with a foundation that isn’t built on sand, but thin air. Which is why it is vital for those who wish to survive, and perhaps even thrive, amidst the system’s inevitable ruins to ignore the way business is done today and focus on the age-old principles of providing genuine value to actual customers.

DISCUSS ON SG

The End of the Transnational Corpocracy

The arrest of the “French” citizen Pavel Durov is a harbinger of the end of globalization and the transnational corpocracy:

Durov, a committed cosmopolitan liberal, is a typical representative of the ‘global society’. He has had tensions with all the countries he has worked in, starting with his homeland and continuing throughout his more recent travels. Of course, as a big businessman in a sensitive industry, he has been in dialectical interaction with the governments and intelligence services of different countries, which has required maneuvering and compromise. But the attitude of avoiding any national entrenchment persisted. Having passports for all occasions seemed to widen his scope for action and increase his confidence. At least for as long as this very global society lived and breathed, calling itself the liberal world order. But it’s now coming to an end. And this time the possession of French nationality, along with a number of other things, promises to exacerbate rather than alleviate the predicament of the accused.

The ‘transnational’ entities will increasingly be required to ‘ground’ themselves – to identify with a particular state. If they do not want to, they will be affixed to the ground by force, by being recognized as agents not of the global world but of specific hostile powers. This is what is happening now with Telegram, but it’s not the first and it will not be the last such instance.

The struggle to subjugate the various actors in this sphere, thus fragmenting a previously unified field, is likely to be a key component of the next global political phase.

What’s particularly remarkable about this arrest is that it wasn’t one of the nationalist countries that arrested Durov, but one of the Clown World countries. This marks the end of Clown World’s ability to criticize the nationalist countries from defending their own national interests against the corpocracy.

DISCUSS ON SG

Deplatformed from Life

The fall is a bitch when the Black Rider has no further use for you. The YouTube CEO is dead of turbo cancer and I very much doubt that any of the thousands of video creators who were unjustly kicked off of YouTube by her and her minions for nonexistent and unidentified “violations” will shed one single tear for the woman.

Susan Wojcicki, who served as CEO of YouTube for nine years during a period of massive growth for the video platform and was one of Google‘s first hires, died on Friday, Aug. 9. She was 56. Wojcicki’s death after a two-year fight with cancer was announced by her husband, Dennis Troper.

You can take the ticket when it’s offered. But all those millions and all that manufactured success won’t avail you much once you cease to be useful and you’re thrown from the high horse. And there is no question that the late YouTube CEO merited her fate, given that she actively pushed the shot that very likely killed her. If she had paid attention to what she called “misinformation about COVID-19” instead of banning it, she would probably still be alive and well.

YouTube CEO Susan Wojcicki on Tuesday said the platform has removed more than half a million videos that contain misinformation about COVID-19 since February.

I don’t know why, but the wicked are always foolish enough to believe that their even more wicked masters won’t lie to them.

UPDATE: Big Bear has thoughts.

Wow, I was so mad at her when she deleted my YouTube account and my income for “hate” that turned out to be “true.” But seeing her deplatformed from life itself is humbling. At least I still get to be on rumble. She’s now not even allowed on bitchute. But seriously tho does this mean I can go back on YouTube?

DISCUSS ON SG

Adidas Endorses Gazacaust

The shoe company drops a Palestinian model because she stands publicly against the genocide and ethnic cleansing of her people.

German sportswear giant Adidas has dropped American model Bella Hadid from their advertising campaign for retro sneakers after facing criticism from Israel. Hadid, whose Palestinian father was born in Nazareth, has been a vocal advocate for the rights of the ethnonational group, calling for an end to the bloodshed in Gaza.

She has repeatedly criticized the Israeli government over the ongoing Gaza conflict, which to date has claimed over 38,000 Palestinian lives. In October 2023, the IDF launched a military operation in the enclave in response to a deadly Hamas raid that had left approximately 1,200 Israelis dead.

Bella and her sister Gigi, also a model with millions of social media followers, have participated in several pro-Palestinian demonstrations, publicly accusing Israel of committing “genocide” in the enclave. The Hadid sisters have also donated $1 million to support multiple Palestinian relief efforts in Gaza, including HEAL Palestine, the Palestine Children’s Relief Fund, World Central Kitchen, and the United Nations Relief and Works Agency (UNRWA).

“Guess who the face of their campaign is? Bella Hadid, a half-Palestinian model who has a history of spreading anti-Semitism and calling for violence against Israelis and Jews,” the Israeli Foreign Ministry wrote on X on Thursday. Adidas responded that the company would be “revising the remainder of the campaign” with immediate effect without giving further details.

This may not turn out as the positive public relations statement for Adidas that the company assumes. Most of the world is now standing squarely against Israel’s attack on the Palestinian people, and it’s generally not a good idea to outsource your marketing decisions to a foreign government’s spokesman. I very much doubt this decision will end well for Adidas.

The fact is that no amount of crying Holocaust, Hamas, or “Israel has a right to defend itself” can justify either the October 7th green flag or the IDF “response” that was obviously planned well in advance. Everyone knows very well that the Netanyahu regime is attempting to complete the ethnic cleansing that was begun in 1948, which is why everyone around the world, both left and right, now despises it.

Netanyahu might still get away with his gamble, but it was always going to be very difficult trying to sell ethnic cleansing for me, diversity for thee.

In the meantime, Israel’s war with Yemen has now officially gone hot. No doubt the Yemenis will be duly chastened and release their stranglehold on the Red Sea.

Prime Minister Benjamin Netanyahu has praised the Israel Defense Forces for carrying out a “precise and successful operation” over 1,700 kilometers away from the country’s borders, which he says serves as a clear warning to all enemies of the Jewish state. The Israeli military launched its first-ever direct large-scale air raid against Yemen on Saturday, targeting the port city of Hodeidah. The attack triggered a massive fire at the port’s oil terminal and left at least 80 people injured, according to a preliminary tally by the health ministry in Sanaa.

DISCUSS ON SG