Or they stop seeing a bunch of their employees interviewing with Bay Area companies. For a team of 55, losing 5 key people to higher Bay Area salaries could cos

Or they stop seeing a bunch of their employees interviewing with Bay Area companies. For a team of 55, losing 5 key people to higher Bay Area salaries could cost tens of millions of dollars in lost opportunity. In that context, bumping everyone’s salaries even 30% (say on average 60k*55 = 3.3 million) is not such a big deal. Especially if revenue and income over the past year grew a lot more than that.