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It’s no secret that large companies typically offer better pay and benefits across industries. And even Amazon and Apple have excellent pay compared to most oth

• Apocryphon 5y ago
  Would Square, Stripe, Snap, Coinbase, Lyft, Twitter, Dropbox, et al really command lower salaries, FAANG RSUs vs. options aside? There’s a reason for why Facebook average turnover is like 2.5 years and Google average turnover is 1.1 years, there are options outside them in the industry. Even a cursory glance at Levels.fyi shows that Adobe pays competitively, and doubtless they're not the only older established company. Like I said, there’s still Netflix. The big monopolies, and really just Google and Facebook, might set the pace for comp and other employment practices for the industry, but they're far from the only game in town.
  • freyr 5y ago
    Google and Facebook set the bar for other companies to match or even exceed to attract talent. Without this pressure, I’d expect salaries to drop significantly across the board.
    • Apocryphon 5y ago
      Again, I keep mentioning there are other highly competitive corporations out there, and have mentioned multiple. At this point all of these companies are competing not only with Google and Facebook, but each other. The turnover rate at Google and Facebook would not nearly be as high as they are now if there weren't compelling alternatives. So at some point, the most distinguishing aspects would be 1) the specific FAANG equity (which as mentioned, might not nearly be as game-changing as in previous years), and 2) the FAANG name, which some of these other companies certainly give a run for the money for.
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