[lbriner]

There is a lot of tokenism in hiring. A Fortune 500 might be marketing a new "push to AI" or whatever and want to seem legit by hiring loads of people, quickly realising that it doesn't work like that but at least it looks good on paper.

FANNG type companies are more likely to do a big hire after doing a big raise. Imagine someone has given you $300M, what do they expect? Now you have the money, we want more features = more sales = more ROI. How do we do that? By hiring a load more people and again learning that it doesn't work like that. Leave it a year or 2 and the same investors complain about burn rate so you lay them off.