Previous downturns like the 2000 dot-com bust led to layoffs, reduced bonuses and other perks. More people looking for jobs after layoffs or the former employer

Previous downturns like the 2000 dot-com bust led to layoffs, reduced bonuses and other perks. More people looking for jobs after layoffs or the former employer going bust meant more competition for fewer jobs and lower offers. Some companies cut salaries across the board. Layoffs often come down to managers working with a budget goal and choosing who to let go. Anyone with a really high salary may find themselves more vulnerable at such times, especially if projects get scaled back at the same time. Surviving rounds of layoffs means having indispensable skills and a salary not so high that replacing you looks feasible.