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A comment on What’s going on with Google and Facebook hiring freezes?. Parent comment

Re:What’s going on with Google and Facebook hiring freezes? by rnk on Tuesday August 02, 2022 @02:15PM (#32322354)
I don't think it's that simple. Google needs devs, it's a competitive market. Controlling or limiting the dev supply is definitely a benefit for big tech, but it's a separate benefit. I think competitive pressure on salaries is the top forcing function.
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Re:What’s going on with Google and Facebook hiring freezes? by Firmwarrior on Tuesday August 02, 2022 @05:20PM (#32324415)
Google & friends have a business where they can turn a $500k engineer into $2M+ in revenue

I think that's really the bottom line here. They aren't overpaying to starve out the industry, although I'm sure they're perfectly happy to benefit from that indirectly

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Re:What’s going on with Google and Facebook hiring freezes? by epups on Wednesday August 03, 2022 @08:49AM (#32330986)
Yeah, I find it really weird that people are seriously entertaining this conspiracy theory, when the more mundane explanation is that, on average, tech workers generate insane profit.
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