Here
We already see what happens during covid some companies cut down the salary, lay off even ask to work for free otherwise no experience letter(my close friends are victims of this)
Now here is surprising this even about all of mentioned tactics
Higher management, VP, Board, CEO are not affected, if you see the annual report they earn above 50:1 and in case of ceo 200:1.
Now with the coming recession they are going to lay off many but not ready to cut down the salary of higher management people