No, I think it just makes sense to please the shareholders by telling them that thanks to the cloud we can now get rid of 25% of our employees - or doesn't it?
So true. And these fads run through our industry like wildfire every so often. Dirty secret is that for all their talk of being "leaders" and "disruptors" most tech execs are herd cattle. They spook and go wherever the herd goes when there's a loud noise.
Having said that, the cloud is not all hype. Keeping servers is not expensive, but the people who keep your servers are. There are also skyrocketing power costs. You get a break on your power (and Internet traffic) if you buy in bulk. It makes sense to bundle up with other people to get these discounts.
But the biggest problem is resource planning, mainly because predictions, especially about the future, are difficult. You dance on this razor's edge of buying too much hardware and eating into your profits, or buying too little and having outages when you can't handle the load. The eating into your profits is very bad in the US system for reasons we're about to get into.
Thats what is taught in business school: the purpose of a shop is to maximise profits. It is not to make a product, it is not to make a good product, it is not to make a product that suits the people - or anything along that line.
I wish more people understood this. Corporations are not bad or good, they're made to make money for their investors. If that means clubbing baby seals, it's curtains for the wet puppies. In the US publicly held corporations have a fiduciary duty to maximize shareholder profits. They can (and will!) be sued if they don't.
I've not seen a workplace with happy people. I think the ambition is to have the people maximum unhappy, and there are thousands of reasons, mainly that the quarterly figures can never be good enough.
I'm truly sorry your career has been such a hellscape. Yeah, I had that job where
Lumbergh took joy in making everyone miserable. I left and got a better job. I've even had some that were truly amazing. I enjoyed my co-workers' company so much we did lots of socializing after work and it was a blast. But yeah, those jobs are the minority.