While Mark Zuckerberg’s famous “move fast and break things” mantra may serve him well during his unconfirmed MMA cage fight with Elon Musk, is this way of thinking still facilitating growth and innovation?
In the last 18 months, Zuckerberg’s Meta has made over 21,000 staff redundant and has implemented a “Year of Efficiency” to offset the huge losses incurred by the company’s seemingly unsuccessful deployment of the metaverse, its value decreased by $230 billion
in a single day in 2022.
Other main players in big tech are experiencing similar restructuring measures with Google’s parent company Alphabet announcing it would be shedding 12,000 employees, and Amazon letting nearly 30,000 staff go from its corporate workforce.
Building sustainable companies
“What we have seen in the past is that if you built a company or a business model that is not sustainable, at some point, you have to betray that trust. I think it's really important for users to know that the company that they rely on is sustainable, that
it’s predictable to a certain extent,” says Alexandar Vassilev, CEO of WeTransfer.
“From a company perspective it allows us to be that force for good, if you will, that has long-term thinking. You can leverage that trust, and leverage that position that you have with your user base.”
Sharing his insights at the Dublin Tech Summit, Vassilev also spoke about the importance of fostering a culture of mending and nurturing instead of making “outrageous bets to move fast and break things.
“I think the way that the company treats its employees, the way the company builds the culture and the way the company builds the business model, it's a really good indicator to a certain extent,” he observed.
“As a company you want employees that are bought into your mission, you want employees who care about the problems they solve, but also care how they solve them, because they also want to feel that there is meaning to what they do. I think that's another
angle that helps to kind of predict the stability that perhaps the company has.”
The good news for tech professionals looking for a new challenge is that there are thousands of companies that are aligning their business models with long-term growth over short-term gains, and hiring accordingly.
If you are ready to make your own mark, the
Finextra Job Board is the perfect place to start your search. It features thousands of tech jobs in companies that are actively hiring, like the three below.
AML & CTF Investigator, Starling Bank, Manchester
Starling is on a mission to reshape banking, starting with its team. It is hiring an AML & CTF Investigator to join the team responsible for detecting
and preventing money laundering and terrorist financing.
In this role you will use monitoring tools to identify and investigate suspicious activity. An understanding of investigative practices and money laundering typologies is essential for this role as you will be completing investigations in response to a variety
of trigger events that include transaction monitoring alerts, conducting objective, fair, thorough, and timely investigations into potentially suspicious activity, that comply with internal policy and relevant legislation and regulation and identifying and
escalating emerging financial crime trends through activities completed.
Get more information here.
IT Service Management Analyst, Zilch UK, London
Although Zilch UK is a hyper growth company, its aim is to create the best and most empowering way to pay, for anything, anywhere.
As an
IT Service Management Analyst you will maintain customer relationships and improve response and delivery times, resolve any service problems and customer complaints, support all internal teams by tracking down and resolving issues, and create and present
regular reports to senior management. You will also assist in creating and maintaining IT operational workflows, knowledge documents, reports, and communications to IT and third parties when required.
See the full job description here.
Senior Principal Product Manager, Oracle, United Kingdom
Oracle aims to provide its customers with best-in-class infrastructure, support, and industry specific tools and applications to enable their success. It is looking for a
Senior Principal Product Manager to join the Product & Industries team and own the development, delivery, and continuous improvement of IaaS
and PaaS deployment models and services on OCI specifically focused on sovereignty.
The ideal candidate will be a thought leader and expert in sovereign regulatory practices and trends in the European Union and as such, build and own the development, delivery, and continuous improvement of IaaS and PaaS deployment models and services.
View additional details here.
For more roles hiring in the fintech space, via the Finextra Job Board.