[z9znz]

This is the typical hyper-reactionary behavior of many companies, not just SV. They are playing a game that is more about pleasing investors than actually building performant companies.

That's why you'll see insane hiring phases (and hear stories of so many new people with nothing to do and no onboarding systems yet in place), and a couple of years later you'll see huge layoffs when there are big public economic fears.