Even if salaries get cut significantly, they might only drop to pre-2020 levels. The job market was insane in 2021. New grads getting stock comp that used to b

Even if salaries get cut significantly, they might only drop to pre-2020 levels. The job market was insane in 2021. New grads getting stock comp that used to be reserved for senior engineers. Constant emails from recruiters. Nobody seemed to have only one offer when they negotiated their comp. Companies all thought they would miss out on talent and growth if they didn’t participate in this, and most did participate. It was a job market bubble, driven by low interest rates and naive optimism caused by inflated stock prices. More people should have seen it for what it was. Some companies didn’t let themselves go crazy, and they aren’t the ones doing layoffs. What we are seeing now is a reversion to how things were before.