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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 programmer salaries after this.

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.

I think there are simpler effects at work here, like less competition and optimistic calculations of the expected future value of grants.

might take a while to adjust given how generous and long lasting recent severance packages have been.

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