[swiftcoder]

Yep. Inside Meta there was a robust network sharing offer and raise/promo letters. Someone hired in at your same level today would be making 10-20% more per year that you had been employed there.

[datadrivenangel]

So the hiring bump was going up faster than inflation? So after 2-4 years a new hire at the same level would be making almost at least 50% more than you...

[swiftcoder]

Yes, compensation competition between FAANG in that era was savage (though I would guess that this has slowed down since the great layoff)

[disgruntledphd2]

Huh? This must have been in equity, right, given that the bands were consistent for everyone when I was there. I find it hard to believe that they changed that.

[swiftcoder]

Total comp. TC of most L4+ was >50% RSUs, it doesn't make much sense to discuss only base+bonus

[disgruntledphd2]

> TC of most L4+ was >50% RSUs

In the US, during a period of insane stock price appreciation, yes.

People who joined in Dec 2022 got massively screwed though, so it's not really reliable cash.

[swiftcoder]

Even without appreciation - my RSU grants were 50% of my TC at the time of grant