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by seibelj
1344 days ago
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My sincere belief is that there are a large number of employees whose total comp is over $400k and they provide far less value than that. But the arms race between FAANG drove up salaries to illogical levels. As people are pushed out they will not be able to hop to another FAANG. While total comp at startups might be similar but the equity isn’t liquid like FAANG is. Additionally the skillset to succeed at a large corp is very different from a startup. It will be a psychological shock to go from a FAANG environment to a small company. In summary I think there will be some hard life lessons for some previously extremely well compensated tech folks. I hope they saved a lot of their past salaries. |
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People with high comp aren't there by chance, and don't keep their job if they don't perform consistently at their level.
> Additionally the skillset to succeed at a large corp is very different from a startup
I worked in both environments, and it was quite similar to me. But FAANG was more stressful than the startup (which had investor cash to burn, and no angry customers). Also management is always behind your back and pushing you to your limits, in an environment were almost everyone is good and hard working.