> Normally, hiring 11,000 people you "didn't need" would be a warning sign that management was incompetent Not really, Big Tech was in an 'arms' race the last

> Normally, hiring 11,000 people you "didn't need" would be a warning sign that management was incompetent Not really, Big Tech was in an 'arms' race the last decade where they felt if they did not hire people the competition would and they would be worse off in the long run. They all did this. Hence why everyone is trimming the fat as soon as the bubble showed an inkling of popping. Everyone over hired, over paid, and didn't innovate with it enough to make up for the spending. There are tons of people at these companies that can be let go.