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>> (Netflix employees, why do you accept this?) > Let me take a stab at this: money is good. Better than everywhere else, including other FAANGs, where you do

>> (Netflix employees, why do you accept this?) > Let me take a stab at this: money is good. Better than everywhere else, including other FAANGs, where you don't have to tolerate such policies?

jhall1468 8y ago
If you want cash it is. Netflix salaries are generally $350k+. They only hire seniors, but that can mean 4-5 years of experience. Not even Google pays that kind of comp in salary.
- chrisweekly 8y ago
  "not even Google pays that kind of comp in salary" -- maybe not a deliberate equovocation, but total comp ("salary" plus stock) at google is definitely at or above that range.
  - dunpeal 8y ago
    Netflix apologists in this thread love to use words like "salary" and "cash", then compare against the base salary of other FAANGs. Effectively what they're doing is comparing total comp at Netflix with base salary at other FAANGs, which is very misleading.
    - Avshalom 8y ago
      I don't know shit about Netflix vs Googles comp but there is a lot to be said for cash: there's no vesting period ; it's dependable, there's no weird dips because an investing firm got spooked; it's liquid, you can spend it at the bar tonight, right now; taxes are straight forward. That said -- I mean this with all sincerity -- it does my commie heart good to see that absolutely no in this thread is buying Netflix's bullshit.
      - alecbenzer 8y ago
        Stock at most FAANG is liquid though. Google even has an auto-sell program where you basically never even see the stock. Agree to all the other points though.
      - dunpeal 8y ago
        > there's no vesting period ; it's dependable, there's no weird dips because an investing firm got spooked; it's liquid, you can spend it at the bar tonight, right now; taxes are straight forward. For the most part, these are all benefits of RSUs at a company like Facebook or Google. They're totally liquid. They "vest", but in short order. This isn't startup equity. It's very much real money.
        kmonsen 8y ago
        Yeah at Google you have autosale as well, whenever rsu vested they get sold and cash comes into my account. Slight hassle at tax time, other then that more or less the same as cash.
        jhall1468 8y ago
        They are "totally liquid" after 6 months which isn't totally liquid. And those 6 months are subject to the stock market so they inherently carry more risk than base (and higher potential rewards). You seem rather... aggressive with how much you want to downplay the differences and your entire contribution to this thread has been attacking "Netflix apologists" and defending any argument for cash-based salaries. It's fine if you don't like their culture/comp structure, but you sure seem to have an agenda here.
        dunpeal 8y ago
        > They are "totally liquid" after 6 months which isn't totally liquid. That is simply untrue. In FAANGs I'm familiar with, vesting can be monthly, very much like cash compensation. Your other claims are untrue as well. I'm very much against presenting misleading information, such as comparing total comp at Netflix to base salary alone at other FAANGs. Especially when this misrepresentation is then used to make the blatantly false claim that Netflix comp is substantially higher than other FAANGs. The number repeatedly quoted in this thread shows the opposite: Netflix total comp appears to be lower than other FAANGs. I have no agenda here. My initial response to the article was based on what I read in the article. Holding meetings to explain how terminated employees were under-performing - is very toxic in my opinion, and fertile ground for abuse and misrepresentation. Several Netflix employees in this thread seemed to agree with this assessment.
    - strangerlands 8y ago
      I hope you understand that there are people who worked at these companies and received offers and they know what they are talking about.
    - jhall1468 8y ago
      First, I'm not a Netflix apologist, second, I explicitly said that if cash is important and third, I never compared it with the base salary of any other company. So what exactly was the point of this post? You can't compare base salaries, you can compare the benefits of all cash vs stock awards (401k, higher monthly income, no market emphasis on income). That was my entire point, so this diatribe about Netflix apologists has no business in this thread.
  - jhall1468 8y ago
    I pretty explicitly said if cash is your goal (which has an impact outside of just take-home [401k]). And the 350k is at the low end (probably 3-4 years experience). $400k is typical. Google is pretty close at the Senior level to Netflix, but the all-cash comp is valuable to some people.
- jiveturkey 8y ago
  they pay that in total comp. netflix has no bonuses and such. the salary is your total comp.
notyourday 8y ago
If you think that FAANG does not have their own special policies you are sadly mistaken. They don't even need to exist on paper. It could simply be tacitly understood. Had this not been the case every single company would have been doing perp-walks of the managers engaging in such behavior. As someone in tech, if you are making over $250k/year you should realize that unless you have a contract ( not as in 1099 but as in someone who has an individual, negotiated, untouchable using regular processes ) and you are not in the top 3 tiers of management, then to the management you are a very expensive line item which needs to be minimized. Google and Facebook are starting to tip over -- there will be stories about their culture popping up next year or two.
- dunpeal 8y ago
  > to the management you are a very expensive line item which needs to be minimized. "Expensive" is relative, though. The top places are growing and in constant need of great new employees. Firing an engineer making $250k just to hire a replacement making the same amount is actually highly expensive and wasteful - firing and recruiting can easily cost as much an annual salary. Recruiting is really expensive. > Google and Facebook are starting to tip over -- there will be stories about their culture popping up next year or two. What do you mean by that?
  - notyourday 8y ago
    Stories about Uber's toxicity started popping up when it became unclear that all of those working for it would become multi-millionaires next two years. Stories of Zenefits ickiness started popping up when it became unclear that those working for it would become multi-millionaries in next few years. Stories of Netflix culture toxicity started popping up when it became no longer clear that Netflix will continue to eat the world of streaming -- hence continuing to provide massive $$ to those working for it. People would take more abuse for a higher chance to make a boatload of money. The smaller the boatload or the less are the chances of making it, the less employees are willing to take. If you are to look at Google and Facebook stories over last 6-12 months you would see more and more questions about how far those two companies can grow. As the growth trajectory slows down more and more stories about the internal ugliness show up because fewer people are willing to take it.

>> (Netflix employees, why do you accept this?) > Let me take a stab at this: money is good. Better than everywhere else, including other FAANGs, where you don't have to tolerate such policies?

jhall1468 8y ago

If you want cash it is. Netflix salaries are generally $350k+. They only hire seniors, but that can mean 4-5 years of experience. Not even Google pays that kind of comp in salary.

chrisweekly 8y ago
"not even Google pays that kind of comp in salary" -- maybe not a deliberate equovocation, but total comp ("salary" plus stock) at google is definitely at or above that range.
- dunpeal 8y ago
  Netflix apologists in this thread love to use words like "salary" and "cash", then compare against the base salary of other FAANGs. Effectively what they're doing is comparing total comp at Netflix with base salary at other FAANGs, which is very misleading.
  - Avshalom 8y ago
    I don't know shit about Netflix vs Googles comp but there is a lot to be said for cash: there's no vesting period ; it's dependable, there's no weird dips because an investing firm got spooked; it's liquid, you can spend it at the bar tonight, right now; taxes are straight forward. That said -- I mean this with all sincerity -- it does my commie heart good to see that absolutely no in this thread is buying Netflix's bullshit.
    - alecbenzer 8y ago
      Stock at most FAANG is liquid though. Google even has an auto-sell program where you basically never even see the stock. Agree to all the other points though.
    - dunpeal 8y ago
      > there's no vesting period ; it's dependable, there's no weird dips because an investing firm got spooked; it's liquid, you can spend it at the bar tonight, right now; taxes are straight forward. For the most part, these are all benefits of RSUs at a company like Facebook or Google. They're totally liquid. They "vest", but in short order. This isn't startup equity. It's very much real money.
      - kmonsen 8y ago
        Yeah at Google you have autosale as well, whenever rsu vested they get sold and cash comes into my account. Slight hassle at tax time, other then that more or less the same as cash.
      - jhall1468 8y ago
        They are "totally liquid" after 6 months which isn't totally liquid. And those 6 months are subject to the stock market so they inherently carry more risk than base (and higher potential rewards). You seem rather... aggressive with how much you want to downplay the differences and your entire contribution to this thread has been attacking "Netflix apologists" and defending any argument for cash-based salaries. It's fine if you don't like their culture/comp structure, but you sure seem to have an agenda here.
        dunpeal 8y ago
        > They are "totally liquid" after 6 months which isn't totally liquid. That is simply untrue. In FAANGs I'm familiar with, vesting can be monthly, very much like cash compensation. Your other claims are untrue as well. I'm very much against presenting misleading information, such as comparing total comp at Netflix to base salary alone at other FAANGs. Especially when this misrepresentation is then used to make the blatantly false claim that Netflix comp is substantially higher than other FAANGs. The number repeatedly quoted in this thread shows the opposite: Netflix total comp appears to be lower than other FAANGs. I have no agenda here. My initial response to the article was based on what I read in the article. Holding meetings to explain how terminated employees were under-performing - is very toxic in my opinion, and fertile ground for abuse and misrepresentation. Several Netflix employees in this thread seemed to agree with this assessment.
  - strangerlands 8y ago
    I hope you understand that there are people who worked at these companies and received offers and they know what they are talking about.
  - jhall1468 8y ago
    First, I'm not a Netflix apologist, second, I explicitly said that if cash is important and third, I never compared it with the base salary of any other company. So what exactly was the point of this post? You can't compare base salaries, you can compare the benefits of all cash vs stock awards (401k, higher monthly income, no market emphasis on income). That was my entire point, so this diatribe about Netflix apologists has no business in this thread.
- jhall1468 8y ago
  I pretty explicitly said if cash is your goal (which has an impact outside of just take-home [401k]). And the 350k is at the low end (probably 3-4 years experience). $400k is typical. Google is pretty close at the Senior level to Netflix, but the all-cash comp is valuable to some people.
jiveturkey 8y ago
they pay that in total comp. netflix has no bonuses and such. the salary is your total comp.

notyourday 8y ago

If you think that FAANG does not have their own special policies you are sadly mistaken. They don't even need to exist on paper. It could simply be tacitly understood. Had this not been the case every single company would have been doing perp-walks of the managers engaging in such behavior. As someone in tech, if you are making over $250k/year you should realize that unless you have a contract ( not as in 1099 but as in someone who has an individual, negotiated, untouchable using regular processes ) and you are not in the top 3 tiers of management, then to the management you are a very expensive line item which needs to be minimized. Google and Facebook are starting to tip over -- there will be stories about their culture popping up next year or two.

dunpeal 8y ago
> to the management you are a very expensive line item which needs to be minimized. "Expensive" is relative, though. The top places are growing and in constant need of great new employees. Firing an engineer making $250k just to hire a replacement making the same amount is actually highly expensive and wasteful - firing and recruiting can easily cost as much an annual salary. Recruiting is really expensive. > Google and Facebook are starting to tip over -- there will be stories about their culture popping up next year or two. What do you mean by that?
- notyourday 8y ago
  Stories about Uber's toxicity started popping up when it became unclear that all of those working for it would become multi-millionaires next two years. Stories of Zenefits ickiness started popping up when it became unclear that those working for it would become multi-millionaries in next few years. Stories of Netflix culture toxicity started popping up when it became no longer clear that Netflix will continue to eat the world of streaming -- hence continuing to provide massive $$ to those working for it. People would take more abuse for a higher chance to make a boatload of money. The smaller the boatload or the less are the chances of making it, the less employees are willing to take. If you are to look at Google and Facebook stories over last 6-12 months you would see more and more questions about how far those two companies can grow. As the growth trajectory slows down more and more stories about the internal ugliness show up because fewer people are willing to take it.