Comment by georgeecollins
14 hours ago
Regardless of the reasoning I think it is worth keeping in mind that the times when companies are letting talented experienced people go is also a great time to start the next new big thing. Talent that might have been unobtanium during a hiring frenzy could now be the building blocks of a new venture. A lot of these companies were started or really built themselves up during a tech slow down.
Good point. What's interesting is that startups with solid remote infrastructure now have access to talent pools that were harder to tap before. Engineers in places like LATAM or Eastern Europe who might have held tight to their FAANG remote gigs are now reconsidering options. The timezone alignment with US companies makes this particularly interesting for early-stage teams that need real-time collaboration but can't afford Bay Area salaries.