Yes, but also to fake how well they are doing to potential, or current investors.
IMHO, these aren't smart investors.. because this should be something that comes up in due diligence, the amount of money left, the current burn rate, and what the company is doing about the latter. If the company was on paper fully staffed, but also actively hiring. That would be for me an indicator that either the hiring is fake, so what else are they faking. Or that the hiring is real, and they are fiscally irresponsible.
There's another angle to all of this, and that's obviously the company isn't fully staffed, there's still some space in the runway for another hire. It's just that right now its a buyers market from the perspective of the company.. So, well, beggars can be choosers.. They're just holding out until that golden candidate comes along. This obviously sucks, and there SHOULD be a maximum length a company can have a job ad out before they have to explain why it's taking so long.
It's not uncommon for countries to require citizens to disclose Who and How many jobs they applied for this week to collect social security.. There should be something similar for companies who have job ads out.
IMHO, these aren't smart investors.. because this should be something that comes up in due diligence, the amount of money left, the current burn rate, and what the company is doing about the latter. If the company was on paper fully staffed, but also actively hiring. That would be for me an indicator that either the hiring is fake, so what else are they faking. Or that the hiring is real, and they are fiscally irresponsible.
There's another angle to all of this, and that's obviously the company isn't fully staffed, there's still some space in the runway for another hire. It's just that right now its a buyers market from the perspective of the company.. So, well, beggars can be choosers.. They're just holding out until that golden candidate comes along. This obviously sucks, and there SHOULD be a maximum length a company can have a job ad out before they have to explain why it's taking so long.
It's not uncommon for countries to require citizens to disclose Who and How many jobs they applied for this week to collect social security.. There should be something similar for companies who have job ads out.