More like: Pay bands go up. Company cuts 15% of workforce "to achieve better numbers" Every time you read that headline, the company could have just cut pay by

More like: Pay bands go up. Company cuts 15% of workforce "to achieve better numbers" Every time you read that headline, the company could have just cut pay by 15% and gotten the same profitability. Higher pay will force medium-small companies to hire less people Some SV companies make Billions in profits per quarter. Some don't. I've seen far too many employees try to justify why they should be making Meta compensation elsewhere. It doesn't and shouldn't work that way