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It’s a generous severance but in this economy where most of big tech is actively downsizing, companies aren’t going public, cost of housing (or much of anything
by bradlys 5mo ago
It’s a generous severance but in this economy where most of big tech is actively downsizing, companies aren’t going public, cost of housing (or much of anything really) isn’t going down, and the only thing hiring are in-person 996 AI startups that don’t pay enough… It’s a bad time to be in tech.
It’s basically impossible to afford a normal middle class lifestyle (including owning a home, no super commutes, etc.) living in these tech centers (where the few jobs are) on single income.
- stephen_cagle 5mo agohttps://www.levels.fyi/companies/meta/salaries/software-engineer/title/full-stack-software-engineer?country=254 https://www.levels.fyi/companies/meta/salaries/software-engi... I fee like if you are an L4+ at Meta, you are doing fine even on a single salary. Let's say you loose 40% to state and federal and 20% to housing (renting), you still have 120k+ for the rest. This is plenty for most people in the world. You are right that times are hard, but these are hardly trying times for people with this much compensation.
- tmp10423288442 5mo agoStill not great if you want a family, because daycare/private school are expensive, and housing in a good school district (to not have to pay for private school) are even more expensive.
- loeg 5mo ago40% to taxes is a very high estimate for L4-L5, even in places like California or NY.
- bradlys 5mo agoRemind me how much a house costs in Menlo Park proper. Like I said, renting isn’t standard middle class experience for adults. Americans own their homes.