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That's a load of baloney, man Those FAANGs are still pulling in a million or three per engineer per year, and there's still a very limited number of engineers
by Firmwarrior 4y ago
That's a load of baloney, man
Those FAANGs are still pulling in a million or three per engineer per year, and there's still a very limited number of engineers who can operate at that scale. That's why Google pays $400k+, not because of cheap interest rates or greed or anything like that
- dbish 4y agoI can almost promise TC will go down on average over at least the next year unless there is a miraculous recovery in the tech sector (as it did signficantly this year already, as I was one of the FAANG folks who saw my pay get cut a huge amount). There's a reason layoffs are happening and hiring freezes. There's also a simple supply/demand aspect here, they have very little demand when hiring is frozen.
- dilyevsky 4y agoEven if they’re down 30% on tc that’s still probably at least p90 for startup pay considering the fact most startups’ monopoly money is in even worse predicament facing inevitable dilution
- Firmwarrior 4y agoTC is definitely going down, if for no other reason than unvested RSUs' values have all dropped across the board, but we aren't going to be in a situation where Google is paying remote senior engineers $150k the way that startups do