Report from Carta: the state of tech hiring in H1 2023 - very long and detailed report but answers a lot of questions about the market

Report from Carta: the state of tech hiring in H1 2023 - very long and detailed report but answers a lot of questions about the market Note: I'm not affiliated with Carta (other than being a user) Carta manages equity for many of Silicon Valleys top companies, form tiny stsrtups to recently public companies and they have amazing data on the top tech companies. So this is a legit report! IT HAS AMAZING DATA OF EVERY ASPECT OF THE HIRNG MARKET SO READ IT EVEN THOUGH IT'S LONG! LINK: https://carta.com/blog/startup-compensation-h1-2023 Selected quotes: 1. "This compensation report is drawn from more than 280,000 employee records from startups that use Carta Total Compensation. Other metrics in the report, such as those that describe employee movement, derive from the aggregate pool of more than 1 million employees currently working for the 40,000 startups that use Carta to manage their cap tables." 2. "H1 2023 key takeaways The pace of hiring has fallen sharply: During the first half of 2022, startups on Carta collectively hired over 314,000 employees. That figure fell to 129,000 during the first half of 2023. Salaries flatlined to start the year: Carta Total Compensation benchmarks for employee salaries fell 0.3% from November 2022 to May 2023. Equity packages saw substantial reductions: Over the November 2022 to May 2023 timeframe, average equity grants benchmarks declined 26%."