Well, up to this point most have been issuing overvalued equity to cover employee pay (e.g. diluting investors). If valuations continue their path towards comi

Well, up to this point most have been issuing overvalued equity to cover employee pay (e.g. diluting investors). If valuations continue their path towards coming in line with actual fundamentals, many companies will soon find they can’t afford the number of workers they have. Dilution will become quite severe at lower valuations