Companies pay employees to increase the value of the company. The market is reasonably efficient and companies will increase pay to match the value created (som

Companies pay employees to increase the value of the company. The market is reasonably efficient and companies will increase pay to match the value created (somewhat correlated at least. startups often pay more with the hope it balances out in the future, established companies pay less since some of them print cash and they dont have to pay more to get candidates). Many tech companies are down 80-95%. So if you used to pay employees 100 to generate 100, now you are paying 100 to generate 20 or in some cases 5. This only works if you can massively increase productivity or reduce cost. There is no evil conspiracy, markets are just down