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They are paying 500k for developers that are just good at leetcode. Hemorrhaging money, convincing themselves they are hiring "top engineers". When are these co
by fdgsdfogijq 4y ago
They are paying 500k for developers that are just good at leetcode. Hemorrhaging money, convincing themselves they are hiring "top engineers". When are these companies going to learn.
- wolverine876 4y agoThe cryptocurrency industry consciously sells its product to the public using hype. Maybe the insiders believe their own nonsense.
- avl999 4y agoI had no idea Coinbase was paying so much. Even most of FAANG doesn't pay that much. My total comp when I was at AMZN after 5 years at the company circa 2019 came no way near 500k, and this was was with great reviews from both my manager and peers.
- nullc 4y agoYour figures are before 2020. Compensation has increased a lot.
- tootie 4y agoI think the whole developer comp bubble is set to burst sadly. They were riding huge waves of equity grants and now they are crashing to earth. And I'm guessing a lot of these companies are realizing that the ROI for a $600K developer building REST APIs isn't there. I think once the dust settles, salaries will still be very high but not astronomic.
- rendang 4y agoI imagine it will prove fascinating for economists to observe how well the down-stickiness of wages holds up.
- lvl102 4y agoA lot of devs makes $400-$600K at big techs. Yes, comps have gone nuts since 2020.
- deleted 4y ago[deleted]
- lvl102 4y agoIsn’t Armstrong making $1M per day or something along those lines? Or did they come to senses since going public?
- clpm4j 4y agoI think he was making around $5m per month... And he only needs $1.6m per year for the property taxes on his Bel Air estate.