WHY TOP FIRMS PARADOXICALLY FIRE GOOD WORKERS

Summary from the TLDR Dev newsletter

Elite firms often hire top talent, train them extensively, and then let many go after a few years. This "up-or-out" system isn't a flaw but a strategic way for firms to signal talent and boost profits by creating a reputation for excellence. By periodically churning employees, firms maintain a perceived higher quality, allowing them to underpay those who remain while benefiting from their association with the prestigious firm.