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Apple vs Twitter, app store duopoly, YouTube's efficiency, Snap goes back to the office | E1623
This Week in Startups
Are You Overhiring Your Employees in a Down Market?
There was a, there was a really good piece actually that I saw not that long ago that was basically like, you know, layoffs or this old, our old guard mistake. It was like everyone always does this when there's a downturn. But if we lay everybody off, we are literally not going to have the human capital to be able to do it. We will have lost institutional knowledge. Hiring is super expensive, severance is super expensive. And so you put yourself in this like weird flywheel of assuming that you must have overhired and that was a mistake, but you're definitely right to lay off now. That's not a mistake.
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