On: When new hires get paid more, top performers resig...

[guiomie]

Would they also do the opposite now that the tech labor market is going sour? "

We got 1000 qualified applicants and a bunch accepted our low ball offers, your salary is reduced by 25% "

[jedberg → guiomie]

As far as I saw they never lowered salaries. They would say "the market is down this year, so you won't get a rise, but you're still at the top of your market". You could always go out an interview and come back with new data if you got a better offer.