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The Scoop #7: Bonus payouts accelerating The Great Reshuffle

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The Scoop

The Scoop #7: Bonus payouts accelerating The Great Reshuffle

Stock prices woes driving attrition, differences in total compensation outcomes and hiring budget increases.

Gergely Orosz
Mar 31, 2022
22
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The Scoop #7: Bonus payouts accelerating The Great Reshuffle

newsletter.pragmaticengineer.com

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.

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