I think it was more of a tragedy of the commons where some companies started aggressively hiring, and other companies followed suit to avoid losing access to ta

I think it was more of a tragedy of the commons where some companies started aggressively hiring, and other companies followed suit to avoid losing access to talent. The pandemic was a huge societal event, but nothing indicated it was going to be the new normal and CEOs who grew headcount expecting it to go on indefinitely made a huge, and arguably an easily avoidable, misstep.