O￼ne reason for this change in bargaining power at startups: Capital isn’t flowing as freely. As venture firms tighten up terms and investors offer survival advice to portfolio companies prepping for a downturn, startups are more focused on cutting costs than rapid growth. That means spending exorbitant amounts of money on salaries to attract new hires is coming to an end, say those who help recruit for the portfolio companies of venture capital firms.
Original source: Tech Workers Long Got What They Wanted. That’s Over.