3 ms·
Salaries at FANG have been cut 50% in the past 12 months? I have to give that a massive Citations Needed.
by 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 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%.