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For those who did get laid off from F(/M)AANG, are you considering "lower" end positions or looking for comparable total comp at comparably sized, tech-focused

For those who did get laid off from F(/M)AANG, are you considering "lower" end positions or looking for comparable total comp at comparably sized, tech-focused companies? Just curious, as a flyover midwesterner, it seems like no one here is affected, nor are we getting any interviewees from FAANG into the pipeline suddenly.

oceanplexian 4y ago
There are a lot of FAANG-adjacent companies that offer competitive comp, Stripe, AirBNB, Pinterest, LinkedIn, etc. I left Amazon a year ago to work for one, most of my peers are AWS or Google engineers and the quality of life is much better. I interviewed at smaller companies but the main problem was they were out of touch with TC and unwilling to offer equity, and at least one place was kind of rude about it when I asked. Unless you’re desperate, no one from FAANG is going to work below market for a place that doesn’t give employees a stake in the business. Unless you’re Netflix and you offer dump-trucks worth of cash, equity is where the upside is.
- throw1234651234 4y ago
  Definitely interesting to see the perspective from the other side - thank you. It really is a different world. I am a (by all accounts decent) architect and a 23 year old junior (admittedly exceptionally talented) got higher TC at Amazon when he jumped ship after 3 months with us (his first job out of college). He did ask if he could come back within a week, stating that the work env was horrible, and we told him he is welcome to if he wants, but at the end he decided to stay at Amazon. It's also not like we have a chill team - I just try to make sure people don't work OT unless it's strictly necessary (about once or twice a year). Other than that though, we do expect people to put in their 8 hours on a semi-flexible schedule.
- granshaw 4y ago
  We will see, but I think there’s a real chance the former FAANG “market rate” due to their high flying RSUs might be gone for good for Engineering ICs, unless you’re well known in your area
- heliodor 4y ago
  Equity is also where the downside is!
- antod 4y ago
  I know what you were trying to say, but calling a smaller company "out of touch" due to not getting close to FAANG compensation in itself seemed a bit "out of touch" to me regarding the business realities of small companies.
brian-armstrong 4y ago
One thing people tend to miss here is that 2021 was a massive hiring year across the board. The layoffs in 2022, while regrettable, are something of a correction from that. The number of ICs just at Google alone is still massive.
- throwaway20382 4y ago
  Yes. But that is where non-Faangs are hosed. IMHO Small companies see a Faang on a resume and toss the other ones out. Even though the Faang company tossed these people first layoff.

oceanplexian 4y ago

There are a lot of FAANG-adjacent companies that offer competitive comp, Stripe, AirBNB, Pinterest, LinkedIn, etc. I left Amazon a year ago to work for one, most of my peers are AWS or Google engineers and the quality of life is much better. I interviewed at smaller companies but the main problem was they were out of touch with TC and unwilling to offer equity, and at least one place was kind of rude about it when I asked. Unless you’re desperate, no one from FAANG is going to work below market for a place that doesn’t give employees a stake in the business. Unless you’re Netflix and you offer dump-trucks worth of cash, equity is where the upside is.

throw1234651234 4y ago
Definitely interesting to see the perspective from the other side - thank you. It really is a different world. I am a (by all accounts decent) architect and a 23 year old junior (admittedly exceptionally talented) got higher TC at Amazon when he jumped ship after 3 months with us (his first job out of college). He did ask if he could come back within a week, stating that the work env was horrible, and we told him he is welcome to if he wants, but at the end he decided to stay at Amazon. It's also not like we have a chill team - I just try to make sure people don't work OT unless it's strictly necessary (about once or twice a year). Other than that though, we do expect people to put in their 8 hours on a semi-flexible schedule.
granshaw 4y ago
We will see, but I think there’s a real chance the former FAANG “market rate” due to their high flying RSUs might be gone for good for Engineering ICs, unless you’re well known in your area
heliodor 4y ago
Equity is also where the downside is!
antod 4y ago
I know what you were trying to say, but calling a smaller company "out of touch" due to not getting close to FAANG compensation in itself seemed a bit "out of touch" to me regarding the business realities of small companies.

brian-armstrong 4y ago

One thing people tend to miss here is that 2021 was a massive hiring year across the board. The layoffs in 2022, while regrettable, are something of a correction from that. The number of ICs just at Google alone is still massive.

throwaway20382 4y ago
Yes. But that is where non-Faangs are hosed. IMHO Small companies see a Faang on a resume and toss the other ones out. Even though the Faang company tossed these people first layoff.