But they don't need to hire in NYC, and companies look at other regulations when deciding head count.
For example, you'll see a lot of startups freeze hiring at employee #49, since in the US (and other countries), there's a ton of HR requirements that kick in, including submitting IRS documents on magnetic tape.
One of Netscape's early advantages was that since they knew they would hire thousands of people, they skipped over all of the entry-level HR systems and started with enterprise-level systems. It was controversial at the time, but turned out to be the correct decision (the first exec was from SGI, so knew what growth looked like.)
Comments
But they don't need to hire in NYC, and companies look at other regulations when deciding head count.
For example, you'll see a lot of startups freeze hiring at employee #49, since in the US (and other countries), there's a ton of HR requirements that kick in, including submitting IRS documents on magnetic tape.
One of Netscape's early advantages was that since they knew they would hire thousands of people, they skipped over all of the entry-level HR systems and started with enterprise-level systems. It was controversial at the time, but turned out to be the correct decision (the first exec was from SGI, so knew what growth looked like.)