This is one of the more insightful and wise things I've read in a while. I wish all companies understood this concept:<p><i>And we also realize a downturn is temporary. We worked hard to build our talent acquisition team, growing from 15 to nearly 40 between October 2021 and June 2022. And that team did amazing work, growing Zapier from 550 to over 800 team members in 2022. Did we really want to lose all of that recruiting talent only to spend all of those resources again hiring new people down the road?</i><p>Laying people off en-masse in response to what is 100% going to be a temporary downturn is just so... wasteful. You lose so much accumulated knowledge and experience, and then - as pointed out - have to turn around and spend even more money to recruit new people later. But with those new people you might get back the skills and head-count you had, but you don't get back the experience, tacit knowledge, domain knowledge, acute knowledge of internal processes and tools, etc. So really it's lose-lose-lose in many ways.<p>Laying people off should really be an absolute last resort, IMO. And by "last resort" I mean, "we do this or the company folds" level stuff. Not "do layoffs or the stock price drops by 0.03% and the investors start squawking."