This has actually always been the case (Dan Luu's article from 2015 comes to mind), but, previously, it required doing a bit of actual math, and doing a bit of reading:
This Windsurf employee #2 revelation of the 99% loss in value for employee stock, is simply a confirmation of an existing practice, just more visible and easier to reason about.
It’s going to be much more difficult to get employees for early stage startups from here on out.