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FAANG companies have engineers staying just 2 years because they made enough money. Your statistics don't account for time. Sure its not "easy" to get into tho

FAANG companies have engineers staying just 2 years because they made enough money. Your statistics don't account for time. Sure its not "easy" to get into those companies, but it isn't an outlier to get into them either. The simple reality is this: If you are an engineer at a publicly traded tech company, it is customary to get RSUs and Refresher RSUs. These have compounding effects as their vesting schedules start occurring in parallel. By the end of your second year you will have two series of shares unlocking, and this is in conjunction with your salary increases and bonuses. You should expect and negotiate your RSU grants to be proportional to your salary. Competing offers from other publicly traded tech companies ensures this. If the share price has also increases, which is the only thing that happened over the last decade, this is enough for a lot of people to quit. The article did not talk about share price increasing.

ryan93 8y ago
People have enough money after two years!?!?!
- hello_moto 8y ago
  if you're compensated 300-400k annually, you'll have enough to move somewhere else or take risks if you play your cards right (huge savings, etc). Or the other options is to jump to a different companies that offer more money or more equities or higher level.
- gammateam 8y ago
  Yes a lot of people are content with their earnings from 2 years at a FAANG. They aren't thinkings its enough to live off of forever, but its enough for: A house somewhere else and never paying rent again or A downpayment on a home in a high priced area where demand doesn't seem to stop, which is always a low-interest leveraged investment that has cashflow opportunities or "Taking a break" which means years of luxury at every music festival and socialite event while optionally networking and pursuing other fulfilling money-making activities, with almost no opportunity cost of having 'gaps' on your resume or Riding off the resume entry of being an "ex-Googler" to secure advisory roles, raise capital easier, get C-level titles at someone else's startup or Joining another FAANG company at a higher premium and/or Leaving the company so you can write covered calls on all those shares you earned, for passive income

ryan93 8y ago

People have enough money after two years!?!?!

hello_moto 8y ago
if you're compensated 300-400k annually, you'll have enough to move somewhere else or take risks if you play your cards right (huge savings, etc). Or the other options is to jump to a different companies that offer more money or more equities or higher level.
gammateam 8y ago
Yes a lot of people are content with their earnings from 2 years at a FAANG. They aren't thinkings its enough to live off of forever, but its enough for: A house somewhere else and never paying rent again or A downpayment on a home in a high priced area where demand doesn't seem to stop, which is always a low-interest leveraged investment that has cashflow opportunities or "Taking a break" which means years of luxury at every music festival and socialite event while optionally networking and pursuing other fulfilling money-making activities, with almost no opportunity cost of having 'gaps' on your resume or Riding off the resume entry of being an "ex-Googler" to secure advisory roles, raise capital easier, get C-level titles at someone else's startup or Joining another FAANG company at a higher premium and/or Leaving the company so you can write covered calls on all those shares you earned, for passive income