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Just cash. Plus another 5% in free options. It’s a ton of money. No bonus, no RSUs or stock, just straight cash salary. And I didn’t write books on the language
by throwaway359087 8y ago
Just cash. Plus another 5% in free options. It’s a ton of money. No bonus, no RSUs or stock, just straight cash salary. And I didn’t write books on the language I used or anything, in my opinion I’m just a regular developer.
- thechao 8y agoOk. As a senior dev you can make that elsewhere—like Dallas or Austin. And, you don’t have to deal with Silicon Valley COLA.
- dunpeal 8y agoHate to break it to you, but $360k total comp for a senior engineer (the only type Netflix hire) is at best on par with FAANG.
- barrow-rider 8y agoIt may be on par, but that's total comp. My understanding is that the 'Flix doesn't do bennies, matching, vesting over time, etc., they just throw straight cash at you. Reduces their overhead -- no plan administrators, etc. -- and no abstractions or surprise fine print in the 401k matching or classes of stock or whatever.
- woolvalley 8y agoNetflix has taxable free uber rides for commuting employees, so I would say they definitely have benefits.
- dunpeal 8y agoOr maybe they have that (dirt cheap) benefit so folks would assume they have great benefits. How costly and valuable are a few Uber rides per year (that are also justified as a business expense)? Now compare that to a decent 401k matching program...
- woolvalley 8y agoIt's not dirt cheap, you can take 2 1hr $50 uber X rides a day if you so feel, and I don't think there is a limit? It's actually fairly generous. Your still paying tax on it although, but it still would cost the company $2000 per month. A company can also just give you more money without a 401k condition behind that matching program, and you can decide to put the money in. They don't have a large retail staff, so they can also probably do things like the mega backdoor roth too.