Most of the engineers likely got their shares or refresher grants issued at the higher stock price and are making less than they signed up for already. They tak

Most of the engineers likely got their shares or refresher grants issued at the higher stock price and are making less than they signed up for already. They take a pay cut when the stock goes down and make more when it goes up. Replacing key talent could easily be more expensive. However, with stacked refreshers etc… the math might get kind of fuzzy. But I’m just saying that it isn’t an obvious choice to think a pay cut won’t lose some of your better talent. And replacing them isn’t guaranteed to be cheaper. Not to mention the ramp up time and how it will take a lot of time to operate at the same productivity as someone who has been doing the job for years.