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Wouldn’t that lead to a roughly 75% staff reduction for some of these companies ? Just like what happened at Twitter. Would be fun to witness the aftermath on
by IMTDb 4y ago
Wouldn’t that lead to a roughly 75% staff reduction for some of these companies ? Just like what happened at Twitter.
Would be fun to witness the aftermath on programmer salaries after this.
- funstuff007 4y agomight take a while to adjust given how generous and long lasting recent severance packages have been.
- SauciestGNU 4y agoI bet we'll see less impact on base pay and more impact on equity comp. Cautious engineers will get burned by unrealized comp (unvested shares) and insist on a distribution favoring base pay. I expect this will flatten engineer pay across the industry, because the big outliers in total comp were outliers because of stocks.
- emodendroket 4y agoI think there are simpler effects at work here, like less competition and optimistic calculations of the expected future value of grants.