I'm sure a good percentage of these people quit jobs specifically to work at Microsoft. When they quit those jobs, their employer probably filled that position. Then Microsoft fired those people, and it's likely that a lot of people were unable to go back to their previous positions.
This isn't even taking to account people who moved to Washington or California to work at Microsoft, who sold their homes to move to a place with a substantially higher cost of living.
Selling your house and moving for a job in a clearly ridiculous job market is going all in on a gamble. Much moreso than nadella did
Of course Microsoft also historically benefitted from housing in the surrounding area being 1/2 to 1/3rd what it was in the bay area, so they could pay a lot less. Now that good family housing around MS campus starts at 1.5m, MS has been forced to increase salaries dramatically.
> Selling your house and moving for a job in a clearly ridiculous job market is going all in on a gamble.
Tech hiring had been crazy for years before the pandemic, IMHO pandemic hiring in tech didn't stand out as being particularly odd. Of course looking at the numbers afterwards, we can see how much companies grew, but no one applying for a job in Jan 2021 knew that Microsoft intended to hire 40K people that year.