https://www.siliconvalley.com/2022/07/07/the-balance-of-power-is-shifting-in-the-tech-industry/

For much of the past decade, tech companies have showered their corporate employees with money and lavish perks to attract and retain talent in a hyper-competitive industry. That dynamic only kicked into overdrive the past couple of years amid a pandemic-fueled boom for tech products and services.

“The hiring … was off the charts, paying [salaries] that were probably too high or out of range, where companies would hire four or five people for a sales position when they really only needed two,” said Bill McHargue, founder of San Francisco-based recruitment firm Talent House.