Reginald on Nostr: History shows that companies didn't downsize their IT departments, they not only grew ...

History shows that companies didn't downsize their IT departments, they not only grew them, but also outsourced a lot of IT to SaaS firms funded by VCs. The relationship between productivity and employment was positive, but my ultra-simplified take on that is that more than just productivity was involved: We were also in the middle of capital chasing returns and we were in the middle of a major computing paradigm shift.