[SassyGrapefruit]

The issue is these businesses are hiring without strategy, consideration to risk, or proper forecasting. There should never be a situation within a fortune 100 business where the forecasting is so poor that offers are rescinded. I began making household budget accommodations for the macro economic situation in the first half of 2022. What was google doing at this point? How does a business spend $20-30K on the search process, send out an offer, then all the sudden realize they don't want to hire that person? What cascade of management failures is required for that to even be a possibility? How is it that these businesses don't consider the human cost of these decisions?

This sort of action is unprofessional, questionably moral, and unforgivable. I think the FANG companies were/are overrated. Why would you want to work for a business displaying this level of incompetence?

[gorbachev]

The reason is that they are deadly afraid of mass layoffs being leaked beforehand and causing the stock price to slide or a bunch of negative press about it, so the people who know aren't telling anyone but the VIPs in the company about it until the last possible minute.

[SassyGrapefruit]

They are getting a bunch of negative press for rescinding job offers. This doesn't seem any better. Better would be just not hiring people you don't need and not chasing growth like an unmonitored heroin addict.