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> This will be great for morale and will likely only cause your A players (who are probably still very much in demand) to look elsewhere. I imagine the vast ma
by onlyrealcuzzo 4y ago
> This will be great for morale and will likely only cause your A players (who are probably still very much in demand) to look elsewhere.
I imagine the vast majority of their ultra top-tier talent has left already unless Meta gave them gigantic bonuses.
The stock is down ~40% from where a lot of their RSUs were granted - more than 50% of their pay comes from those grants.
They've had a year of time to go somewhere else and make way more money - most of them probably took that unless Meta gave them a gigantic bonus to keep them whole.
- ben7799 4y agoThis is a huge factor! In my experience having a whole bunch of stock can be a really powerful anchor to keep you in place at your job even if you're not 100% happy. If the stock tanks that vaporizes really quickly.
- DeathArrow 4y ago>They've had a year of time to go somewhere else and make way more money - most of them probably took that unless Meta gave them a gigantic bonus to keep them whole. But other FAANGS are not hiring. So where it's somewhere unless they planned to start their own businesses?
- kanyethegreat 4y agoNot sure why you’re getting downvoted. I’m also curious where these people are going to earn massive comp.
- jasonladuke0311 4y ago> But other FAANGS are not hiring. They are if you’re talented enough.
- johntiger1 4y agoThis is a toxic mentality; getting hired at FAANG has very little to do with your "talent"
- onlyrealcuzzo 4y agoTalent is obviously subjective. If you define talent as the criteria by which FAANG selects from a pool of employees - then you're by definition correct. If you don't - then you disagree. If FAANG is paying top dollar and selecting for trash - you have to wonder why, though.
- tick_tock_tick 4y agoI can't think of a more toxic mentality then thinking it doesn't. In what way do you think talent doesn't play a huge role?
- checkcircuits 4y agoThe odd, perhaps not entirely coincidental, relationship between ivy league pedigree and job at FAANG. While there's a correlation between talent and ivy league the relationship is often tenuous. In my experience the difference between a new grad from MIT and a new grad from state school is almost zero in the professional world. Yet, one of these people have a fast pass to FAANG. This is not unusual. Look at Finance. However, to assert that "talent" plays a bigger role than pedigree is simply a falsehood refuted by the evidence.
- tick_tock_tick 4y agoI mean yes a lot of sub par metrics and proxies are used because people get really up in arms about using IQ tests; the best indicator Google ever found. > Yet, one of these people have a fast pass to FAANG. Citation? I haven't seen anything like that in the industry at all.
- School-Cotton 4y ago> ivy league pedigree and job at FAANG I worked at FB and Amazon for six years total and the vast majority of my fellow engineers were from random mediocre schools (including myself, from the U. of Arizona).
- datavirtue 4y agoI'm talented at sucking up and playing politics like a harp. Like a freaking genius at it, seriously. Is that what you meant?