3 ms·
The more businesses do this, the more the hiring market becomes lemons for unicorn-type businesses. Prospective employees will wonder if they're an overhire and
by 88913527 4y ago
The more businesses do this, the more the hiring market becomes lemons for unicorn-type businesses. Prospective employees will wonder if they're an overhire and if question their expectations of job security.
- autokad 4y agoyeah. lots of companies already froze hiring (firing through attrition). Bolt doesn't make a trend but it gets my attention. edit: I saw on blind indicating its 15% of workforce
- tschellenbach 4y agoAlways ask about valuation and revenue. If the multiple is very high run the other way. A high multiple makes it less likely that your stock will be worth something, it also makes it more likely that the company will have to do layoffs in the future.
- RexM 4y agoWhat’s considered high?
- mkozlows 4y agoThat's always been true, and not just for unicorns. Big companies let people go in bad times, too; and small companies just fold.
- throwaway5752 4y agoThe more businesses do this, the more people will be out there who will just be happy for a paycheck and health insurance. Prospective employees will start to be less picky and have fewer options, sadly. It's not going to be a good time for a lot of people.
- firebaze 4y agoIt's just about the opposite. Know and play your cards.