Big Tech's new playbook: Trim the fat; pay the stars
1. Big Tech is focusing on rewarding top performers while cutting underachievers. 2. Amazon raised payouts for four-year top performers to 110% of pay range. 3. New-hire compensation has decreased significantly across major tech companies. 4. Tech professionals face tighter job markets with diminished bargaining power. 5. Performance-driven policies are now common to boost efficiency and cost control.