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RE: Jack Dorsey is laying off 4,000 of 10,000 employees at Block Inc. Precursor of AI mass-layoffs?
Interesting point, hiring more engineers than needed to avoid the competitors getting those engineers or those founding new competing startups, but don't think that the laid off workers can easily compete against a multi-billion company.
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They can't exactly but it is a numbers game, lay off a million people, a million people vibe code something, statistically some will succeed and compete.
Henry Ford in the USA used to pay double the salaries, some say it was to drive up the economy but also it also served to starve the competition from workers so he got all the skilled workers and the competition struggled to keep up.