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It’s all about the markets, if company A hires a lot and the market thinks it’s a sign of growth it rewards it with demand for its shares, then company B looks
by mguerville 4y ago
It’s all about the markets, if company A hires a lot and the market thinks it’s a sign of growth it rewards it with demand for its shares, then company B looks at A and sees a hiring wave as the only material event that could have triggered A’s shares outperforming its own and decides… fuck it let’s signal to the market that we do are growing.
Then the market psychology changes and some CEO is the first to think that maybe this time the market would reward the opposite action, aka a layoff. It works… so the next one over goes and the rest of the dominos fall in the name of competing for institutional dollars within a zero-ish sum game
- ChiMan 4y agoApple didn’t go on a hiring binge. It didn’t hurt them.
- Jensson 4y agoApple is a hardware company. Did other hardware companies go on a hiring spree? Otherwise it is unrelated.
- CrimpCity 4y agoI think it’s more competitive than that. Company B isn’t just looking at company A’s “success”. Company B’s levels of attrition are increasing because its employees are going to company A. So company B has no other option than to open the hiring floodgates or else they can’t meet bare bones maintance tasks let alone growth. Not your comment but most of the comments on this thread are whacky. It’s like people completely forgot how hot the software market was during the pandemic. Anecdotal but I had 2 friends trying to break into the software game at the same time. That didn't happen during the pre 2019 boom so who knows what that means lol