I 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

I 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.