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A few other thoughts: 1) this isn't always bad. If employees want to move on, they should. Ghosts aren't helpful. 2) think hard about whether you want to be remote. It gives flexibility, but makes communication way shittier. 3) don't hire for hiring's sake.

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Amy Wu

@amytongwu

Jun 29, 2021

1/ There’s a lot of chatter on the #grandattrition, where companies are seeing unprecedented rates of employee turnover right now. You are not alone. A lot of drivers for this and thoughts on mitigation... @lightspeedvp

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SBF

@SBF_FTX

Employee count growth is a means to an end, not the end in and of itself; the ultimate goal is company growth. If you hire too quickly or carelessly, your workforce will grow but your output won't, and your employees will feel useless.

7:36 PM · Jul 2, 2021Twitter Web App

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Great thread 🧵 and I think this nailed it rite on the head. Thanks for quote tweeting this as well, the body of the tweet is big facts!

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End goal should be company STRENGTH

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company growth = "trimming fat" "lean operations" and all the other buzz terms that translate to pay fewer people less money so the company can grow (its top and bottom lines) for executive bonus szn

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A mentor of mine once told me: Hire hard, manage easy. Always stuck with me.

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Classic empire building. Huge fallacy, build with small teams and grow with work but never grow for the sake of growth.

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the main reason fooo will probably never start a VC or fund of some kind is that fooo really doesn't want to hire anyone lol watching some of fooo friends start funds or watch their bosses hire a shitload of people just to feel bigger pp is bad energy tbh

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so when do i start?

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ya but if you hire lots of people and get a bigger office then you can fluff it up and get a higher IPO price. Lol no not suggesting this is good, but I think many companies do this to "grow" the companies "value."

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Revenue per employee, profit per employee, IRR per employee are the most informative KPIs. Art more than science.

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This. You have to have an organizational structure to a business and then hire to feed that structure. If you just hire talented people but give them no direction or objectives to drive toward you have exactly what you just described

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