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>> This really isn't that surprising. The FAANGs, including Apple, have committed serious anti-trust violations especially their hoarding of talent during the 0
by tivert 3y ago
>> This really isn't that surprising. The FAANGs, including Apple, have committed serious anti-trust violations especially their hoarding of talent during the 0% interest rate years to prevent them from starting competitors then freezing hiring and laying off en masse once the interest rates started rising.
> What is "hoarding of talent"? These are human beings and they have a right to work where they want. Let's be clear, apple "hoards" talent by offering them competitive pay and benefits.
The thing you're missing is that FAANG exploited short-term individual level incentives to create an environment that was more hostile to those individuals in the long term.
Sure, they may have gotten paid more for a little while, but where are they going to go when FAANG decides to dump them, because they didn't actually need them? The FAANG's actions inhibited the creation of those opportunities, because those opportunities competed with FAANG.