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by jevanish
2046 days ago
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The reason the Valley is different is because if you have 35% turnover at most companies, you're out of business. In Silicon Valley, you can hide it behind more recruiters and funding. I've talked to multiple companies with first hand accounts of that level of turnover, which is rare in other industries because they'd go out of business losing that many people. |
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Really depends on the business. Walmart and Amazon have considerably greater than 35% turnover. Yes, 35% turnover is fatal if you're trying to do specialized, high-skill work. However, most businesses are not doing specialized, high-skill work. They're doing the routine work of delivering the goods and services that people need every day to live their lives. 35% turnover in that situation is arguably an advantage because it prevents bonds from forming between employees. It's a lot harder to organize and form a union to demand rights when you don't even know if that person you're talking to is going to still be there a month from now.