Tech Workers Aren’t as Rich as They Used to Be

The decline in tech stocks has greatly diminished the wealth of tech workers, with compensation packages heavily relying on company stock. Laid-off employees with multiyear stock grants are only given the portion covering their time at the company, while the decline has frozen initial public offerin

May 7, 2023 . 7:46 PM

1 min read

Tech workers' wealth has diminished significantly due to the decline in tech stocks.
Compensation packages for tech workers include a large portion of company stock.
Laid-off employees with multiyear stock grants are only given the portion covering their time at the company.
The decline in tech stocks has frozen initial public offerings, delaying startup employees' windfall hopes indefinitely.
Tech workers are cutting back on expenses and considering pay cuts in their next jobs.