The fake vacancies I had in mind are not so malicious. But for the candidates, in aggregate, they are a waste of precious time and energy.
- Company has still opportunities on their website, in order to look healthy, when they are in fact laying everybody off (as is the case in the OP)
- Company publishes an offer for legal reasons, but in fact wants to hire a cheaper resource from abroad once they've "proven" that they "couldn't get any local talent"
- Company publishes non-urgent offer, in the hope to fish for resumes, and/or waits for years for the "perfect" talent to knock on their door
- Company forgot to take down vacancy, someone got hired 3 months ago
But of course, they didn't start doing it like that because they had a huge workforce already trained on their own process and the juice wasn't worth the squeeze. I'm not sure how I would actually exploit a rival's meeting minutes even if I had them and no scruples.
1) what kind of hits they get (e.g. lots of over- or under-qualified)
2) what the salary requirements are relative to the hits they get
3) how effective are the ads in terms of writing, conveying what is on the table without saying too much, etc.
4) to make the company look busy / growing / large
5) to stay ahead of the churn, since they're large enough that they may need bodies in a few months (e.g. a poor performer is on the way out / gettin the axe, or a contract is up in 3 months) so they can get a couple of prospects on the hook and do a slow negotiation until they're ready to hire, in which case they make an offer at or near market rates