The other one was hired on a position, asked to do something completely different he was not qualified for, the work hours were around 70-80 per week (no overtime paid), zero management implication so he left after a few months. They went in panic mode, offered him double the pay and less work hours, he refused to stay there so they become aggressive.
They use to pay above the market for whatever they can hire, but the chaos inside is making any competent people leave asap, so they pay a lot to retain whatever they can, not the experts. It is just a bubble with nothing than hot air inside.