4 ms·
The extremely high paid FANG income is a thing of the past, already down 50% ytd. I hope you enjoyed it while it lasted.
by 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 agoSalaries at FANG have been cut 50% in the past 12 months? I have to give that a massive Citations Needed.
- dghlsakjg 4y agoTotal 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 agoAAPL still up 10%+ YoY. Msft not technically FANG (MAGA?) and also up YoY.
- scarface74 4y agoNetflix 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 agopaid cash on the way up, paying stock on the way down, lol
- jeffreyrogers 4y agoThey 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 agoEven 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 agoIf 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 agoThe 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 agoI have yet to see comp go down at the high end.
- theptip 4y agoHigh 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 agoSource?
- redredrobot 4y agoCompletely 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 agoWhat do you mean by finished up your interview process? And when was your experience, and what was comp for all these places?