6 ms·

> I've never made FAANG/startup income > we're desperately trying to hire Do you wonder why people aren’t joining?

h-w 4y ago
The extremely high paid FANG income is a thing of the past, already down 50% ytd. I hope you enjoyed it while it lasted.
- ghostly_s 4y ago
  Salaries at FANG have been cut 50% in the past 12 months? I have to give that a massive Citations Needed.
  - dghlsakjg 4y ago
    Total comp has likely come down, not salaries. If a significant part of your comp is in stock, then yeah, that portion of your pay is down potentially 70% or more in six months (Netflix). There’s probably some employees at FAANG that are negative on their equity.
    - smugma 4y ago
      AAPL still up 10%+ YoY. Msft not technically FANG (MAGA?) and also up YoY.
    - scarface74 4y ago
      Netflix historically paid in all cash. Recently, they started letting their employees choose.
      - throwawaylinux 4y ago
        > Recently, they started letting their employees choose. lol didn't want to be the last ones holding the bag. What a scumbag move.
      - pepy 4y ago
        paid cash on the way up, paying stock on the way down, lol
  - jeffreyrogers 4y ago
    They mean total comp, which is probably true since lots of people include their stock price appreciation when they talk about their total comp.
    - dodobirdlord 4y ago
      Even so, a 50% decline over the last 12 months is impossible. Of the FAANG companies, only Netflix is down more than 50%, and Netflix is notable for compensating people in mostly cash. Someone's compensation would have to be 100% stock and even then it wouldn't be down 50%.
- bradlys 4y ago
  If you think those comps were only from last two years - I suggest you go back in historical data. $400k+ wages have been a thing well before the pandemic.
  - Solvitieg 4y ago
    The truth is somewhere in the middle. High comps have existed forever, but they have also been handed out like candy the last few years. If you're in the bay it might be hard to see, but high comps spread rapidly across the country, to Canada and to some parts of Europe. It became more commonplace hence why everyone and their dog has been trying to get into the industry.
- saagarjha 4y ago
  I have yet to see comp go down at the high end.
  - theptip 4y ago
    High end tends to be equity heavy, and equity has dropped in value massively this year. Not sure how common it is to issue refresher grants of RSUs to top up the total comp.
- darkerside 4y ago
  Source?
- redredrobot 4y ago
  Completely untrue. Just finished up my interview process and my experience was that comp is higher than ever at the strong FANGs (I.e not Netflix). Microsoft and Amazon just massively bumped their comp maximums. Google was good as ever. Pre-ipos cash comp is still very strong although they are currently relying on previous stock valuations so the comp isn’t as good as they claim right now
  - throwawaylinux 4y ago
    What do you mean by finished up your interview process? And when was your experience, and what was comp for all these places?
michaelrpeskin 4y ago
Yeah. We can’t compete with the numbers I see the SV folks making. Most of our work is directly billed to the customer so we need reasonable rates if we’re ever going to win bids. We can’t just live off of monopoly-level ad revenue.
calvinmorrison 4y ago
for FAANGers, how does everyone feel about their wild comps now that the stock prices have come back to earth?
- scarface74 4y ago
  Back down to whose earth? Even if you’re only making $250K, that puts you well within the top 10% of earners in the US. I think Amazon has seen the largest drop out of the BigTech companies and it is down 30% year to date. Amazon has been adjusting SDEs cash component up even before the crash. Netflix should have never been put in the same category as the 1 trillion+ market cap companies.
DeathArrow 4y ago
The salary also depends on where you live. If you get a salary from a small company in a place where is cheap to live, you might have the same level of living as someone working for a FAANG in The Bay Area.

h-w 4y ago

The extremely high paid FANG income is a thing of the past, already down 50% ytd. I hope you enjoyed it while it lasted.

ghostly_s 4y ago
Salaries at FANG have been cut 50% in the past 12 months? I have to give that a massive Citations Needed.
- dghlsakjg 4y ago
  Total comp has likely come down, not salaries. If a significant part of your comp is in stock, then yeah, that portion of your pay is down potentially 70% or more in six months (Netflix). There’s probably some employees at FAANG that are negative on their equity.
  - smugma 4y ago
    AAPL still up 10%+ YoY. Msft not technically FANG (MAGA?) and also up YoY.
  - scarface74 4y ago
    Netflix historically paid in all cash. Recently, they started letting their employees choose.
    - throwawaylinux 4y ago
      > Recently, they started letting their employees choose. lol didn't want to be the last ones holding the bag. What a scumbag move.
    - pepy 4y ago
      paid cash on the way up, paying stock on the way down, lol
- jeffreyrogers 4y ago
  They mean total comp, which is probably true since lots of people include their stock price appreciation when they talk about their total comp.
  - dodobirdlord 4y ago
    Even so, a 50% decline over the last 12 months is impossible. Of the FAANG companies, only Netflix is down more than 50%, and Netflix is notable for compensating people in mostly cash. Someone's compensation would have to be 100% stock and even then it wouldn't be down 50%.
bradlys 4y ago
If you think those comps were only from last two years - I suggest you go back in historical data. $400k+ wages have been a thing well before the pandemic.
- Solvitieg 4y ago
  The truth is somewhere in the middle. High comps have existed forever, but they have also been handed out like candy the last few years. If you're in the bay it might be hard to see, but high comps spread rapidly across the country, to Canada and to some parts of Europe. It became more commonplace hence why everyone and their dog has been trying to get into the industry.
saagarjha 4y ago
I have yet to see comp go down at the high end.
- theptip 4y ago
  High end tends to be equity heavy, and equity has dropped in value massively this year. Not sure how common it is to issue refresher grants of RSUs to top up the total comp.
darkerside 4y ago
Source?
redredrobot 4y ago
Completely untrue. Just finished up my interview process and my experience was that comp is higher than ever at the strong FANGs (I.e not Netflix). Microsoft and Amazon just massively bumped their comp maximums. Google was good as ever. Pre-ipos cash comp is still very strong although they are currently relying on previous stock valuations so the comp isn’t as good as they claim right now
- throwawaylinux 4y ago
  What do you mean by finished up your interview process? And when was your experience, and what was comp for all these places?

michaelrpeskin 4y ago

Yeah. We can’t compete with the numbers I see the SV folks making. Most of our work is directly billed to the customer so we need reasonable rates if we’re ever going to win bids. We can’t just live off of monopoly-level ad revenue.

calvinmorrison 4y ago

for FAANGers, how does everyone feel about their wild comps now that the stock prices have come back to earth?

scarface74 4y ago
Back down to whose earth? Even if you’re only making $250K, that puts you well within the top 10% of earners in the US. I think Amazon has seen the largest drop out of the BigTech companies and it is down 30% year to date. Amazon has been adjusting SDEs cash component up even before the crash. Netflix should have never been put in the same category as the 1 trillion+ market cap companies.

DeathArrow 4y ago

The salary also depends on where you live. If you get a salary from a small company in a place where is cheap to live, you might have the same level of living as someone working for a FAANG in The Bay Area.