Of course over-hire and overpay when there's easy money sloshing around. How many of these big name tech unicorns have actually been profitable? Grab, SEA etc.

Things can change quickly when macro environment becomes hard and private capital dries up. Then the finance side actually realizes that they need to control cost.

For juniors, quickly get as much exp and prepare to move at any time.

There's a reason why all these 'startups' and 'unicorns' are filled with young ppl only. They rely on a churn of people. It's not a stable environemnt for long term career growth.