The companies that churn through young workers
bbc.com
bbc.com
The one that haunted our campus most thoroughly was the gloriously named Corporate Executive Board, which was none of those words, just a regular consulting firm with a stupidly big name. I think they have since changed their name to "it's just an acronym, it doesn't mean anything," and then to something else entirely.
Anyway, they would hire droves of new grads, mostly from the tech and science-adjacent majors who didn't find anything better to do. Then they would churn through them. I remember classmates telling stories of being locked in at work during project crunch time, getting yelled at by managers who demanded total commitment.
The typical trajectory would be that you would leave after two years, get an MBA, and return to the "industry" in a less menial and humiliating role. That or, I guess, you'd just get another job altogether. A lot of my classmates came back for graduate degrees after trying to make it work with a bachelor's.
I've been told that places like Deloitte and Accenture have gradually reformed their "early career" positions in recent years, but I no longer know anyone who works at places like that.
Not sure what can really be done about it, either. Seems like the issues are both hard to detect _and_ hard to regulate against.
Actually having these networks exist on the other hand is much harder
One is software consulting where the clients are so big that project timelines easily stretch beyond the typical lifespan of a business executive. No one important notices that the project has started dragging before the person who initiated the contract has claimed credit and gotten promoted for it.
The second one is cryptocurrency/web3. I overhear from my network that what matters most there is the pedigree of their workforce and the background of the founders. Once funding is secured, it looks like project outcomes start to matter less, and the startup can afford to churn through engineers when they quit due to project dysfunction and unfortunate architecture choices.