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FAANGs are slowing down and freezing hiring too. It's not just startups that are worried.
by twblalock 4y ago
FAANGs are slowing down and freezing hiring too. It's not just startups that are worried.
- xxr 4y agoI imagine that FAANGs are sensitive to offering higher and higher proportions of equity pools to keep up with total comp expectations.
- ghaff 4y agoI imagine FAANGs will mostly let RSU compensation drift downward as the stock market does.
- lupire 4y agoIt will for unvested past grants. New future grants are named in $ not shares, so have to be explicit.
- scarface74 4y agoMy grants were named in shares.
- scarface74 4y agoYou don’t have to imagine it. Amazon publicly said as much and I believe Microsoft made a similar announcement.
- barbazoo 4y agoI hope the 3-5 emails a week from recruiters hiring for Amazon will stop then.
- vmception 4y agoIn 2008, Goldman Sachs had their M&A department come in as usual, working on deals all day. They didn't close a single deal in over a year. (This is hearsay, btw) So with that being the only anecdotal data point I have, the emails won't stop until the recruiters become fewer.
- Solvitieg 4y agoThere are also recently IPO'd companies that are dependent on share dilution. This was in the Wallstreet Journal today.
- mcone 4y agoMind sharing a link to that article?
- scarface74 4y agoI can tell you two of the BigTech companies that are definitely not slowing down - at least in their cloud divisions.