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This perspective ignores employee acquisition costs and reputation costs. It is not free to churn at-will employees.
by RhysU 3y ago
This perspective ignores employee acquisition costs and reputation costs. It is not free to churn at-will employees.
- jq-r 3y agoIts not free, but it can be cheap as in the recent times. You fire/"RTO"/"manage out" the well paid engineers of yesterday and hire cheaper engineers while the market is flooded with them.
- asadotzler 3y agoit's not free, it's profitable. see the meta layoffs and what it did for Musk and other major stockholders' wealth.
- Draiken 3y agoReputation costs are zero once people get desperate enough. When you're not sure if you'll be able to pay your rent or feed your family, you'll join any organization, regardless of reputation. It's not free but it can be made very cheap. Look at Amazon literally running out of people to churn in the near future.
- pavel_lishin 3y agoThat's assuming they're even well known or big enough to have a reputation.