I’ve worked in the medical device industry my whole career and something is definitely up. Traditionally, the environment is hard core, work until you bleed, into the weekends, during Christmas dinner- do whatever it takes to make the numbers. For the last 6 months to a year, maybe longer, my company, along with almost every other one I know of is dealing with backorders... and no real plan to address them, as if it doesn’t matter. Aside from the constant corporate wokeness factor, I received CEO messaging that basically says to take Fridays off now. I have a friend at a competitive company who was recently given similar instructions to work less. Its as if we are winding down and preparing to close the doors. What’s going on?
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This 1000%. Instead of being profit-driven, these companies have remodeled themselves to being entities fueled by big government subsidies which pay for compliance. We need to stop calling them capitalists because they have betrayed the principles of a free market + free choice economy.