4 ms·
Woah there. That’s not the reality I’ve witnessed. Most of the people at FAANG companies don’t come from old money. The reason a 20% paycut isn’t ruinous is bec
by cornstalks 4y ago
Woah there. That’s not the reality I’ve witnessed. Most of the people at FAANG companies don’t come from old money. The reason a 20% paycut isn’t ruinous is because these companies pay top(ish) of market rates, so a 20% cut just takes you from the top-end and moves you towards the middle. It has nothing to do with “old money.”