How many talented folks in the field will accept that kind of job insecurity? If my offer is between 500k+ TC or “do work for us until we feel like commitment and maybe you’ll be on your ass in the street doing all this interview bullshit in 12 weeks; maybe you’ll get an offer better than the competition — but probably not because we’ll be in a position of negotiating strength knowing you probably don’t want to interview again”, I know damn well which one I’m taking.

Especially because I was given just that choice a few month back.