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> I don't know FAANG engineers with their very high self worth would take the humiliation of lower salary as oppose to layoffs. Do you apply negative stereotyp

> I don't know FAANG engineers with their very high self worth would take the humiliation of lower salary as oppose to layoffs. Do you apply negative stereotypes to people you don't know as a normal part of your daily interactions?

stevehawk 4y ago
they raise a decent point. there's countless FAANG people on here making $250,000+/yr plus RSU and claim they are underpaid. What happens when they end up in the real world being offered half that with no stock options?
- a4a4a4a4 4y ago
  Probably start a company with the money they've (hopefully) saved, and make more than slaving away for half their old salary (if half is the only option, which it probably isn't).
  - geodel 4y ago
    Thats a good idea. Not sure its broadly applicable in events of large layoffs.
- bluedevil2k 4y ago
  There are dozens, maybe hundreds, of tech companies in the US hiring remotely with compensation between $180k - $250k right now. RSUs might not be the same as SV companies, but we all know those RSUs are worth sh*t right now anyway.
  - stevehawk 4y ago
    But those companies aren't looking to hire the 10,000+ developers that have been, or will be layed off in the coming year.
- wiseowise 4y ago
  > there's countless FAANG people on here making $250,000+/yr plus RSU and claim they are underpaid. And you think they don’t?
geodel 4y ago
No, I just read news, interviews and observe public behavior of these employees on various political, social, economic and technical issues to have an informed opinion on them.
- wiseowise 4y ago
  There are hundred thousand of FAANG engineers, how many of them do you know personally and not some talking head from Twitter?
- lzooz 4y ago
  Public reporting of tech and tech figures is anything but unbiased.
  - georgeplusplus 4y ago
    Name something that is unbiased in media public reporting.
    - lzooz 4y ago
      While I agree with you, reporting on tech is maliciously negative: https://twitter.com/mattyglesias/status/1588190763413868553 https://twitter.com/mattyglesias/status/1588190763413868553
      - Planktonne 4y ago
        That's a very one-sided framing; even if we accept the assertion that tech is heavily-scrutinised, I think it would be at least equally reasonable to say that increased media scrutiny of the tech companies is happening because the tech industry itself is often maliciously negative.
- arcticbull 4y ago
  I don't think it would be at all 'humiliating' but I do think it's the wrong trade-off for FAANG employees and for the companies. Consider that FAANG employees are already the top less than 1% of the industry. Even in a down-market they can wander down the street and end up with a job with comparable pay and probably better conditions in a week - and a signing bonus to boot. If a FAANG reduced their compensation broadly, all the employees would be at an opportunity cost disadvantage vs just finding a new gig. The company would be at a disadvantage relative to its peers in its ability to retain/replace the talent they need to get through this period. Worst of all for the individual, it resets the market rate for top engineering talent. So the choices are: (1) You take 5-10% of engineers, give them a few months beach time while they brush up on the leetcode so they can land the same job for the same pay at a company a few blocks away plus a signing bonus (2) Everyone at your company takes a 5-10% pay cut and the best talent leaves anyways but now everyone gets paid less too. Option (1) feels like the game theoretic optimal.

stevehawk 4y ago

they raise a decent point. there's countless FAANG people on here making $250,000+/yr plus RSU and claim they are underpaid. What happens when they end up in the real world being offered half that with no stock options?

a4a4a4a4 4y ago
Probably start a company with the money they've (hopefully) saved, and make more than slaving away for half their old salary (if half is the only option, which it probably isn't).
- geodel 4y ago
  Thats a good idea. Not sure its broadly applicable in events of large layoffs.
bluedevil2k 4y ago
There are dozens, maybe hundreds, of tech companies in the US hiring remotely with compensation between $180k - $250k right now. RSUs might not be the same as SV companies, but we all know those RSUs are worth sh*t right now anyway.
- stevehawk 4y ago
  But those companies aren't looking to hire the 10,000+ developers that have been, or will be layed off in the coming year.
wiseowise 4y ago
> there's countless FAANG people on here making $250,000+/yr plus RSU and claim they are underpaid. And you think they don’t?

geodel 4y ago

No, I just read news, interviews and observe public behavior of these employees on various political, social, economic and technical issues to have an informed opinion on them.

wiseowise 4y ago
There are hundred thousand of FAANG engineers, how many of them do you know personally and not some talking head from Twitter?
lzooz 4y ago
Public reporting of tech and tech figures is anything but unbiased.
- georgeplusplus 4y ago
  Name something that is unbiased in media public reporting.
  - lzooz 4y ago
    While I agree with you, reporting on tech is maliciously negative: https://twitter.com/mattyglesias/status/1588190763413868553 https://twitter.com/mattyglesias/status/1588190763413868553
    - Planktonne 4y ago
      That's a very one-sided framing; even if we accept the assertion that tech is heavily-scrutinised, I think it would be at least equally reasonable to say that increased media scrutiny of the tech companies is happening because the tech industry itself is often maliciously negative.
arcticbull 4y ago
I don't think it would be at all 'humiliating' but I do think it's the wrong trade-off for FAANG employees and for the companies. Consider that FAANG employees are already the top less than 1% of the industry. Even in a down-market they can wander down the street and end up with a job with comparable pay and probably better conditions in a week - and a signing bonus to boot. If a FAANG reduced their compensation broadly, all the employees would be at an opportunity cost disadvantage vs just finding a new gig. The company would be at a disadvantage relative to its peers in its ability to retain/replace the talent they need to get through this period. Worst of all for the individual, it resets the market rate for top engineering talent. So the choices are: (1) You take 5-10% of engineers, give them a few months beach time while they brush up on the leetcode so they can land the same job for the same pay at a company a few blocks away plus a signing bonus (2) Everyone at your company takes a 5-10% pay cut and the best talent leaves anyways but now everyone gets paid less too. Option (1) feels like the game theoretic optimal.