Devil's advocate, if the hiring market favors employers, why should they pay more than they need to if they can still fill their open headcount with an acceptable level of talent?
They're gonna get hit with brain drain. Amazon relied heavily on a treadmill of new grads and juniors working 2 year tenures to run the boring parts of the company for cheap. Due in part to the comp.
I don’t think you have to be a devil’s advocate in this case. I 100% agree. There seems to be a very obvious effort to reduce comp and benefits in tech. Or mismanagement is no longer being masked by uninterrupted stock growth.
Even Google who was typically higher on the comp and benefits scale is rolling things back.