>It’s a rough time to prioritize profit, because much of tech compensation is grounded in equity valuations. The prevailing wisdom has been that FAANG companies

>It’s a rough time to prioritize profit, because much of tech compensation is grounded in equity valuations. The prevailing wisdom has been that FAANG companies are the easy path to outsized compensation, but Netflix has dropped from $691 to $179 in the past 8 months, and Google has dropped from $2,965 to $2,181. This is, arguably, backwards. Your package is salary + equity and the amount of equity is based off of current valuation. As an example, Google going from ~3k to ~2k means you get 50% more stock for the same dollar amount equity package. It's probably the best time to join a FAANG. Certainly much better than those that joined this time last year and have taken a hefty haircut on their equity.