Are we about to enter a new era of ultra-profitable tech companies? While companies like GOOG and MSFT have had ridiculously healthy margins compared to traditional industries for some time now, it's also been clear in recent years that these companies have become very loose with spending. Take GOOG for example, they spend so much unnecessary money on fancy offices, free lunches, diversity programs, highly speculativ…
This guy! Imagine thinking “diversity programs” are a significant cost center, as if their spend were comparable to real estate or employee compensation
And for the record here, I'm not even opposed to them as a worker. It bothers me about as much as companies providing me with free lunches (not at all). In my current place we spend around an hour each week either discussing diversity or in diversity & inclusion training, and it's always the easiest hour of my week.