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One of the best offensive strategies you can have is to make sure all talented people work for you, rather than the competition. If smaller companies and start
by llarsson 6y ago
One of the best offensive strategies you can have is to make sure all talented people work for you, rather than the competition.
If smaller companies and startups fade away due to coronavirus-induced instability, making sure that their talent winds up with you is a smart move. If you are big enough to afford it, that is, which both of these companies arguably are -- regardless of whether their Q1 and Q2(?) results are worse this year than last.
- matwood 6y agoEven if startups don't fade away, uncertain times means people look for stability. Unless a startup is in one of the sectors benefiting from the lockdown, top talent is likely looking to leave for stability at one of the big players. Which will just accelerate the fall of marginal startups or those struggling.
- mywittyname 6y agoPlus, I bet they are getting these engineers much cheaper right now and presumably, that cost savings will continue indefinitely.