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by NotSammyHagar
3782 days ago
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Yeah, @pfarnsworth is stuck on some weird point. Wages in the tech industry went down during the dotcom crash for those that had jobs. And some people lost their jobs and couldn't get new ones. And there were some people who did not have their salaries change, like me. I was not in the bay area, that's probably why mine didn't go down. My stock went did go down in value :-) |
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The reason why they didn't is because they didn't want to give an arbitrary pay cut to their best employees, who would leave as soon as things got better. They would rather cut the fat and get rid of employees they didn't want.
Google, Yahoo, Amazon, Cisco, Oracle, etc, none of those companies instituted pay cuts, and wages did not go down in those companies. Some of them had layoffs but they cut salaries.