From that viewpoint, it's better to overhire when other companies are hiring and do layoffs when other companies are doing layoffs vs. just hiring the right num

From that viewpoint, it's better to overhire when other companies are hiring and do layoffs when other companies are doing layoffs vs. just hiring the right number of people in the first place. Which is completely insane, and is both terrible to workers and leads to more recessions. How do we get investors to value companies making correct calls over just following the industry?