Can a once trendy tech company like Birds scooter (stock at 22 cents down -98%) really be considered to have the upper hand? I think if you're a FAANG employer

Can a once trendy tech company like Birds scooter (stock at 22 cents down -98%) really be considered to have the upper hand? I think if you're a FAANG employer that is considered "safe" definitely yes, but there's a pile of zombie companies that have been wrecked by end of ZIRP and have a hard time understanding how they retain or hire anyone.