The Scoop #7: Bonus payouts accelerating The Great Reshuffle
Stock prices woes driving attrition, differences in total compensation outcomes and hiring budget increases.
The Scoop is a bonus series, covering patterns and trends I’ve heard within big tech and high-growth startups.
In The Scoop #6, I observed how The Great Tech Reshuffle - fury of job changes across tech - looks to be starting. This shuffle will only be picking up speed, thanks to a few events and trends, which we look at in this issue:
Bonuses paid out, and response rates are already up for reachouts from recruiters and hiring managers.
Stock price woes and attrition. Stocks are not only down, but many are up. And this duality will result in heavy attrition. Also: forget hiring from Nvidia.
Hiring budgets increased. The market keeps moving up - and catching up - with salaries.