Whilst it wouldn’t surprise me at all if this was the case, I’ve seen similar things at other companies, it’s a completely brain-dead strategy. The people who leave are the most qualified and capable employees who can easily find a job elsewhere and you’re just left with all the people who the company swept up in the boom period where they were hiring anyone with a pulse.
They want to force attrition. They over hired and need to reduce headcount but they don’t want the negative press of laying more people off.
Whilst it wouldn’t surprise me at all if this was the case, I’ve seen similar things at other companies, it’s a completely brain-dead strategy. The people who leave are the most qualified and capable employees who can easily find a job elsewhere and you’re just left with all the people who the company swept up in the boom period where they were hiring anyone with a pulse.