[sethev]

Folks at Jack's level are just as susceptible to flawed reasoning and trend following as anyone else. Sometimes it feels like more so, possibly because they have so much buffer to absorb the consequences of bad ideas (see how Twitter ended up). A person living paycheck to paycheck has less leeway to veer too far away from reality.

All of this to say. I suspect a lot 10k person companies made up of white collar workers could significantly cut their staff and still survive. By the time you get to that size, there's a large middle management that is constantly looking for reasons to increase their 30 person org to 40, and who will be overbooked whether they have 20 people or 100.