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It must be really weird both for the FAANGs themselves and their employees - if laid off there’s only a handful of other companies one can go to to get similar

It must be really weird both for the FAANGs themselves and their employees - if laid off there’s only a handful of other companies one can go to to get similar total comp, and worse, many of them aren’t hiring right now So getting laid off from a FAANG is like twice as bad as getting laid off from <other tech company>

mjr00 3y ago
> So getting laid off from a FAANG is like twice as bad as getting laid off from <other tech company> Except you've had however long collecting an outrageous salary and stock that dwarfs 95% of people working in tech, much less other industries. Yeah, it sucks for the people who are laid off, and I don't wish them ill or anything, but it's hard to have too much sympathy if they were financially irresponsible with their enormous compensation. I don't have a whole lot of sympathy for lottery winners who lose it all in 1-2 years, either.
- ThrowawayR2 3y ago
  Except a lot of the people laid off from FAANGs are not developers and therefore weren't "collecting an outrageous salary". Maybe try being a bit considerate towards them?
  - patientzero 3y ago
    People who weren't making developer compensation at a FAANG were not laid off from a limited option. While it always sucks to get laid off, IMO it is better not to work for them if you aren't a developer. They basically try every trick to outsource or reduce lower paid roles (which means over working you) to not get penalized for widely varying pension benefits, etc.
  - mjr00 3y ago
    I'm specifically referring to the "problem" of developers who were getting paid $500-750k+ who may have to settle for a mere $200k working at a non-FAANG company. For non-development roles, getting laid off sucks, there's no way around that. but they can hopefully find a comparable salary at a different company.
    - twojobsoneboss 3y ago
      Try 175k, that’s more realistic in the current environment

mjr00 3y ago

> So getting laid off from a FAANG is like twice as bad as getting laid off from <other tech company> Except you've had however long collecting an outrageous salary and stock that dwarfs 95% of people working in tech, much less other industries. Yeah, it sucks for the people who are laid off, and I don't wish them ill or anything, but it's hard to have too much sympathy if they were financially irresponsible with their enormous compensation. I don't have a whole lot of sympathy for lottery winners who lose it all in 1-2 years, either.

ThrowawayR2 3y ago
Except a lot of the people laid off from FAANGs are not developers and therefore weren't "collecting an outrageous salary". Maybe try being a bit considerate towards them?
- patientzero 3y ago
  People who weren't making developer compensation at a FAANG were not laid off from a limited option. While it always sucks to get laid off, IMO it is better not to work for them if you aren't a developer. They basically try every trick to outsource or reduce lower paid roles (which means over working you) to not get penalized for widely varying pension benefits, etc.
- mjr00 3y ago
  I'm specifically referring to the "problem" of developers who were getting paid $500-750k+ who may have to settle for a mere $200k working at a non-FAANG company. For non-development roles, getting laid off sucks, there's no way around that. but they can hopefully find a comparable salary at a different company.
  - twojobsoneboss 3y ago
    Try 175k, that’s more realistic in the current environment