136 karma · joined December 7, 2022
Honestly yes. All it takes is one financial analyst's time. I do it with my retirement plan for example, and I'm only a "small business" of one family. If there was demand for such info, I'm sure there would be a small community/industry for evaluating bank books like there is for financial planners (if that might not even be something a financial planner could already do).
And particularly with Y Combinator advising so many companies, I think it's on the side of negligence that they didn't evaluate the bank they were steering their companies towards. They were steering them there because they knew that tended to be the only bank that would deal with their high-risk companies - and it's too hard to believe that professional VCs didn't recognize that such a bank could have a lot of risk in some dark corner to compensate.
One of the most surprising takeaways was that while engineers in the office more often claimed they felt less productive in the office than at home, in-office engineers tended to have higher productivity and WFH engineers when the actual numbers were examined.
Over at Google, there’s an internal study that shows raw code checkins have dropped dramatically since WFH. I’m pretty sure Sundar’s 20% more productivity comment came directly from the numbers in those slides.
It does not surprise me that Zuckerberg and Benioff have gone the length of calling out their employees’ productivity directly. I’m really surprised this comment is this far down, when it’s been painfully obvious at the couple companies I’ve worked at through the pandemic that productivity is the elephant in the room. Some CEOs dress it in corpspeak about collaboration, but if Google, Meta, and Salesforce are all complaining of worker productivity, I think that’s the true reason. I think we’re too afraid to take an honest look at how productive we are, which will ultimately be the demise of WFH we want to defend so badly.