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Many of those companies have been engaged in a race to appear to have the fastest growth in order to support sky-high valuations. One of the ways they did that
by mytailorisrich 4y ago
Many of those companies have been engaged in a race to appear to have the fastest growth in order to support sky-high valuations. One of the ways they did that was to hire for the sake of it and to over-inflate headcount.
Now that bubble has burst.