While lay-offs are painful for those affected and the crypto implosion has seriously impacted some investors, there is a silver lining. As the exuberance of 2021 meets the economic reality of 2022, the intense battles for talent will calm down. We will see less inflated compensation packages and SBC grants should moderate. Companies who are still hiring will avoid the frenzied competition for talent from 2021 and can sidestep bidding wars (if they occur at all).
While lay-offs are painful for those affected and the crypto implosion has seriously impacted some investors, there is a silver lining. As the exuberance of 2021 meets the economic reality of 2022, the intense battles for talent will calm down. We will see less inflated compensation packages and SBC grants should moderate. Companies who are still hiring will avoid the frenzied competition for talent from 2021 and can sidestep bidding wars (if they occur at all).