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That's because there's no penalty for paying someone outside of the range...so it's mostly posturing bullshit.

It says base comp, 200k is quite a normal base salary. There could be 300k equity too, who knows.

But yes, industry comp will decline if layoffs pick up steam. I've already noticed a tremendous easing in being able to hire competent people

Salary is much higher than most corporate IT jobs in NYC.