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Yes, it is. Bands at Amazon (where the comp was lower compartively) were raised to at least compete with the other FAANGs, but that was before the layoffs/freez
by dbish 4y ago
Yes, it is. Bands at Amazon (where the comp was lower compartively) were raised to at least compete with the other FAANGs, but that was before the layoffs/freeze situation when they thought they still had to do that. Comp is majority stock at most of these companies, TC has gone down by definition of stock dropping, and places like Amazon assume growth in fact when calculating your target comp and what to allocate. Refreshers are very unlikely to make up for this drop since they don't have to (supply/demand).
- jjeaff 4y agoI assume when stock prices are down, then more stock is granted to make up for it no? Obviously, the stock continuing to fall after the grant will result in less tc.
- dbish 4y agoThey can and will give some stock refreshers (to those that aren't laid off or marked low performing) but I doubt they will make up for the large drops that happened this year, and the drops that are likely to keep happening over the next year. You have to do that when there is competition, but cross-industry reduction in demand and a want to actually shrink companies (attrition) for software developers means you don't have to do that to keep the number of people you want.