Tech
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Hoppi
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DEVELOPING: Tech Firms REWRITE Pay: Secondaries Now CRITICAL to Retain Staff

Tech firms are rewriting compensation. Secondaries are now critical for retaining staff.

Fast-growing startups like Clay, Linear, and ElevenLabs are allowing employees to sell shares. This gives staff access to cash. Valuations are soaring.

Clay recently authorized a secondary sale at a $5 billion valuation. That's a 60% increase from August. ElevenLabs authorized a $100 million secondary sale.

These moves signal a shift in how tech companies reward and retain talent. More firms are expected to follow suit.

This is a developing story.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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