Previously, large tech companies were interested in hoarding employees to slow competition.
Now, that is no longer a necessary strategy as the environment has changed and smaller startups have many other headwinds (difficult to raise $, etc).
So as the previous strategy is unwound there will be more pressure on employees and attrition is definitely part of the plan. A side benefit for the companies is less upward pressure of salaries and operational savings.
Previously, large tech companies were interested in hoarding employees to slow competition.
Now, that is no longer a necessary strategy as the environment has changed and smaller startups have many other headwinds (difficult to raise $, etc).
So as the previous strategy is unwound there will be more pressure on employees and attrition is definitely part of the plan. A side benefit for the companies is less upward pressure of salaries and operational savings.