4 ms·

Because they overhired during the cheep money spree?

• deleted 3y ago
  [deleted]
• nobleach 3y ago
  "Overhired" is not always the best way to describe "hired with intentions to do things while capital was cheap". I saw a bunch of startups and larger that really did intend to build things. When hard times hit, some shut down. Some cancelled any lofty project that wasn't already committing to their bottom line. So the solution is, "never hire headcount to work on a project that might not be financially viable in a recession"? Help me see another solution here.
  • konschubert 3y ago
    I think I agree with you. I was just poking fun at the above comment who was blaming “managers” for what I think is mostly monetary policy.
• rednerrus 3y ago
  Because they seem to think that saving money offers more value to shareholders than creating additional value. I'm not sure they know how to offer new value.
  • konschubert 3y ago
    The ideal size of any company is not infinite, especially in a tight labour market.