It's a combination of things - if company takes away benefits and provides no new benefits - you as an engineer lose money. Meanwhile in current market just cha

It's a combination of things - if company takes away benefits and provides no new benefits - you as an engineer lose money. Meanwhile in current market just changing the company means a rise. Why settle for an effective salary cut when you can trivially get a rise instead? The difference between no rise and cut is huge mentally. Additionally if the company saves money on such a small scale it sends the signal things are BAD.