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To make things worse these companies are still doing layoffs in various hidden and underhanded ways. From what I figure they're doing "employee refreshes", i.e. getting rid of more experienced Covid hires with high salaries in favor of less experienced post-Covid hires with lower compensation.

For at least a few big companies, it's both big and scummy.

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It's also very hard to figure out which companies expect a 15% discount compared to the same role a year or more ago.. This makes a market that is too annoying for the already employed that want to move laterally with no losses or upward with actual benefit.

Possibly that's a short time help to the unemployed, but it is a factor that could successfully lower the going wage.

The downtick in layoffs is perhaps that many experienced tech workers even if jobless can apply at much lower rates or just sit it out so its hard for management to understand which positions will cost them a pound of flesh to fill again even as they stare at the holes they already have.

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