I really worry for the ones who bought inflated real estate and are looking at a 50-pct salary reduction. That will hurt hard. Not to mention the work from home people with long commutes being asked to RTO at a lower pay. In managing contractors, I've seen the ones what were able to jump on a well paying <12-month contract and think that is their next level of compensation and it will never be below that level. It always seemed to reset to a mean salary.