[good_boy]

There is no other way. If they want something done they need someone to do it. Layoffs make them less attractive. So they will have to either rise the wages or accept less qualified candidates. The difference in performance between average and top engineers can be time. Or even infinite, when one simply cannot do the thing.

And this is, BTW, applicable through the whole range. Just check Intel market capitalization, and guess what? It's now smaller then AMD, and 6x times smaller then NVidia. The reason: top management, they failed on AI, graphics, they failed on Cloud. Yes, they did something, not enough.

[vernon99]

Wait, what? Why would layoffs make it harder for them to hire? If anything, it’s tge opposite, they can raise the bar significantly now, esp since it’s a buyer market now.

[good_boy]

I'm, for example, even not considering Amazon/Google/Facebook now. Job switch is quite stressful. There is no point without stability or fat paycheck. And looks like personal level doesn't matter much when the whole team is terminated.