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Cutting comp means you will lose your best talent. Cutting staff means you can cut your worst.

what does "Cutting comp" means?

cutting compensation

and compensation = salary

Worse for morale of remaining members. Also a lot of comp is pledged and unvested equity, which is harder to take away.

Comp cuts will come on the rehiring

Total comp already is down 10%+ for many with large equity grants in tech.

I’m sure these companies doing layoffs will be dialing back any bonus, RSU, and option grants in the coming months as well.