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Someone coming from a 350k fang job is not going to work for “35-70k” would you?

• pessimizer 4y ago
  If a significant proportion of developers end up unemployed, the faang salaries will be coming way down anyway. "Reserve Army."
  • Hermitian909 4y ago
    Depends on the quality of the developers you're looking to hire. The market for the kinds of developers that command ~$350-500k is still incredibly tight. There's a reason that even though Stripe is reducing headcount by 14% engineers are mostly unaffected.
• TrackerFF 4y ago
  Some will have to. In the big picture, FAANG salaries are outliers. Boom and bust cycles come and go, and when it is booming again - circumstances can have changed. I worked with people in oil and gas that never came back, probably making only 25%-50% of what did they did during their best years. Finance, too. Lots of young bankers were forced out back in 08-09, and never returned. (With that said, tech is a bit more flexible on hiring, and I don’t think a 350k engineer will have to take a 300k pay cut, finding a “normal” ~100k engineering job is very possible. Or even another FAANG job if you’re willing to keep going at it. Could take weeks, months, even years - depending on how bad the market is)