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by lnsru 2204 days ago
Being fired is very normal procedure in current corporate world. You loose game of office politics and you are out. Maybe not immediately, but with next downsizing wave. Shouldn’t happen in decent company, but nobody is perfect.

Becoming millionaire as a salaried employee is a pipe dream. Company owner will become millionaire, salaried employee will get yearly 10% bonus. In decent company maybe 20%.

I agree on skill set, but I saw many different things like electrical engineers writing C# code because manager wanted this.

1 comments

> Becoming millionaire as a salaried employee is a pipe dream. Company owner will become millionaire, salaried employee will get yearly 10% bonus. In decent company maybe 20%.

In a typical FAANG company, you can simply stick to a job for like 4 years to earn a million USD (before tax). If you do well on top of that + stock growth, your compensation will sky-rocket.

There are 10 of thousands of employees reaches $1m in earning. Maybe it probably takes 4-5 years to save $1m. But it's not hard.

There are many employees at FAANG for sure, but majority will never work there.