paycuts, raise freezes, "hiring freezes".
They cut existing employees pay due to "budget requirements" and implemented a so called "hiring freeze" . Yet there are new employees and interns joining microchip, who are unaffected by the paycuts. So 2+year experienced employees are making about $4000 less than new college grads.
this sort of "soft firing" will cause there to be a gap between experienced employees, and new college grads.