Big Tech rides roughshod over everyone – even its own shareholders

Big Tech rides roughshod over everyone – even its own shareholders

A fundamental challenge in the governance of Big Tech firms is multiple-class share structures, allowing their founders to control them

Tech companies are aggressively cutting layers of management in an effort to reduce bureaucracy and improve efficiency. The middle management cuts have sparked mixed reactions, with some employees welcoming the changes and others fearing the cuts have gone too far, overburdening the remaining managers.