It might also be applicants recognize that its not a healthy place to work -- interns staying up all night to fix production errors is a red flag. Then the prob

It might also be applicants recognize that its not a healthy place to work -- interns staying up all night to fix production errors is a red flag. Then the problem is a bit self re-enforcing, and the only solution is to reset expectations and deliverables to maintain a healthy pace of work. If that pace is not possible, and the company can't offer competitive compensation for the scenario (ex: "We're asking you to carry the company, so here's some extra meaningful equity") then its in a downard spiral and its merely people abandoning a sinking ship.