Dot-Com Work Culture Making a Comeback?

jeebus writes "This week a Deloitte study has shown that high on the agenda of CEOs around the world is the shortage of tech talent. Is a shortage of talented geeks in the market seeing a return of the dot-com culture with foosball tables, beanbags, and inflated salaries used to entice talented workers? Welcome to Web 2.0 work culture, the future of yesterday. 'Global recruitment companies were telling prospecting employees that they were no longer going to be employed just because they were a technical guru. They were going to have to learn to dress, communicate, and adapt all the traditional corporate ideals that IT has been exempt from during the dot-com boom. Fast forward to Web 2.0 and while workplaces aren't as cheesy with their decor as they were were in the late '90s, and developers aren't getting paid $100K for being HTML and JavaScript jockeys, geeks just aren't chuffed with corporate culture.'"

Comments

Quite Possible

[Crazy Taco]

Sadly, DotComBurst 2.0 could easilly happen, though probably not to the extent of the first one. The first time around, investors were just throwing money at anything with a .com at the end of the name, even things with no business plan that never were profitable. Today, money flies at things declaring themselves "Web 2.0", whether or not they are profitable or have a way of making money. Just look at YouTube. That thing has never turned a profit, yet money gets thrown at it like crazy, especially by Google. Is there a way to make it profitable? Maybe, but is still looks like dangerous amounts of money are being put in it and other similar sites with no demonstration that any return on investment will be generated. Worse, since Web 2.0 sites are typically defined as sites where users contribute, they not only face the normal business difficulties of generating a profit, but they ALSO face extremely high chances of being instantly destroyed at any time by a single lawsuit, brought against them due to the enourmous amount of copyrighted material users post on such sites. Sure, those sites are all pretty and fun, but such enormous obstacles to long term success make the current frenzy over them a bit disturbing, and can give one a good case of deja vu.