Just goes to show that sound financials in a startup without lots of outside investment expecting outsized returns are often smarter choices.<p>What sucks is that many companies that are healthy and not facing layoffs are going to use all this doom and gloom news (that really seems to be trying to feed off itself and spark a downturn that is smaller than they want it to seem) to ride their employees harder, depress salaries, etc.<p>I strongly advise anyone with any power over salaries and such to consider strongly that if your business is healthy, continue paying a fair market wage.  The job market is still strong, and your employees loyalty will disappear overnight the moment you start trying to knock down their pay if you are clearly not in the same boat as over-funded&#x2F;valued startups and just trying to take advantage of the situation.