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In a general tech recession sure, but I can almost certainly guarantee that my total compensation at Google will still be much higher than the compensation at a
by deanmoriarty 7y ago
In a general tech recession sure, but I can almost certainly guarantee that my total compensation at Google will still be much higher than the compensation at any startup or other second tier company.
People have been saying "this won't last, good luck keeping this going!" for a decade now, and rather than reciting the same motto like a broken record in an attempt to justify my lower compensation, I decided a few years ago to join the bandwagon and milk the good times as long as they last. I'm saving like crazy while doing so, and there's no apparent sign of stopping.
- throwaway5752 7y agoTake me at face value: I was just saying that RSU/option refreshes will be less frequent given a general recession, particularly a tech-heavy one (where so much capital has been deployed recently and there is probably a bit of overbuild). I think there are a lot of advantages to a big company employer, and comp can definitely be one of them. I would watch out for signs. Yield curve inversion and Duke CFO Global Business Outlook are bearish. The fact that those are happening with high levels of stimulative policy should get more attention. The run on ipos can definitely be read as a change in posture that this is a local high point for equity markets. Anecdata, but there are more stories like https://seekingalpha.com/news/3465880-pioneer-natural-resources-cuts-workforce-25-percent https://seekingalpha.com/news/3465880-pioneer-natural-resour... and https://seekingalpha.com/news/3465885-toll-brothers-minus-3_0-percent-guidance-reflects-slower-demand https://seekingalpha.com/news/3465885-toll-brothers-minus-3_... which I would interpret as leading indicators of a slowdown.