[zaphod12]

Most of the time these companies do hire people...they just generally lose people at almost the same rate. It's usually a sign of something negative, though

(note - staying the same size is fine if that's your desire, but it's a problem when you're aiming for aggressive growth and can't)

[AlwaysRock]

Yup. Churn is so high in dev roles.

You see the one or two leads who stay while a never ending list of mid to senior folks trickle in and out of companies.

[myth_drannon]

Well, yeah that might be a case for some. But the companies I was complaining about don't have a dev churn, it's the same people based on their work history.