The slumping stock market is poised to reshape compensation packages for tech talent, even in the wake of strong demand for these skills.
While a blend of cash and equity has long been the practice for pay packages in tech, this equation is getting a bit dicey. Companies that issued shares at their peak to entice employees aboard are now finding those shares worth a lot less.
Larger public companies like Apple, Meta, and Google are getting caught up in this same dilemma. Nguyen believes there are going to be huge implications for these heavyweights that had massive hiring runs with equity grants when share prices were surging."We're going to start to see the implications of this beginning in third quarter earnings reports," he says.The ongoing strength in tech hiring won't disappear, but it's likely to narrow.
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