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A comment on Meta to Layoff 10k Employees. Parent comment

Re:Meta to Layoff 10k Employees by HervalFreire on Tuesday March 14, 2023 @11:32AM (#35153148)
Nobody gets salary cuts. What happens is that devs get laid off then companies hire at lower salaries.

This is indeed what is happening right now.

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Re:Meta to Layoff 10k Employees by HeyLaughingBoy on Tuesday March 14, 2023 @01:56PM (#35155599)
That points to a short term behavior. When things get dire, unemployment among devs goes up and salaries start dropping in general.

I really don't worry about this stuff until it starts looking like the dot-com bomb again. I survived that, I'll survive this.

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Re:Meta to Layoff 10k Employees by blsapologist42 on Tuesday March 14, 2023 @07:04PM (#35160574)
Inflation is another way that salaries get cut without officially getting cut.
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Re:Meta to Layoff 10k Employees by HervalFreire on Tuesday March 14, 2023 @07:06PM (#35160610)
Makes sense.
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