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h-w | 3 years ago

The extremely high paid FANG income is a thing of the past, already down 50% ytd. I hope you enjoyed it while it lasted.

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redredrobot|3 years ago

Completely untrue. Just finished up my interview process and my experience was that comp is higher than ever at the strong FANGs (I.e not Netflix). Microsoft and Amazon just massively bumped their comp maximums. Google was good as ever. Pre-ipos cash comp is still very strong although they are currently relying on previous stock valuations so the comp isn’t as good as they claim right now

throwawaylinux|3 years ago

What do you mean by finished up your interview process?

And when was your experience, and what was comp for all these places?

bradlys|3 years ago

If you think those comps were only from last two years - I suggest you go back in historical data. $400k+ wages have been a thing well before the pandemic.

Solvitieg|3 years ago

The truth is somewhere in the middle. High comps have existed forever, but they have also been handed out like candy the last few years.

If you're in the bay it might be hard to see, but high comps spread rapidly across the country, to Canada and to some parts of Europe. It became more commonplace hence why everyone and their dog has been trying to get into the industry.

ghostly_s|3 years ago

Salaries at FANG have been cut 50% in the past 12 months? I have to give that a massive Citations Needed.

dghlsakjg|3 years ago

Total comp has likely come down, not salaries.

If a significant part of your comp is in stock, then yeah, that portion of your pay is down potentially 70% or more in six months (Netflix). There’s probably some employees at FAANG that are negative on their equity.

jeffreyrogers|3 years ago

They mean total comp, which is probably true since lots of people include their stock price appreciation when they talk about their total comp.

saagarjha|3 years ago

I have yet to see comp go down at the high end.

theptip|3 years ago

High end tends to be equity heavy, and equity has dropped in value massively this year. Not sure how common it is to issue refresher grants of RSUs to top up the total comp.