Vicetrailia
Banned
My friend got laid off from Facebook a bit ago and he was only 16 months into the role. That FAANG salary was his baseline living standard. HUGE MISTAKE. He bought a house then, but now he has a much lesser-paying job. He said that he should have treated that salary like a once-in-a-lifetime bonus because he's not getting back into that FAANG country club anytime soon. The new career upstarts like him are in a bad position because they don't have the resume yet to get into senior and principal positions at inferior companies. FAANG pay is not that common.
But now he's very unhappy. This guy has always been an excellent performer with a big drive, but the bad tech job economy is hurting his mobility.
He said that the "Day in the Life" videos pissed off shareholders. Projects weren't moving forward fast enough despite the highly-paid people working on them, and all of the luxuries that FAANG companies provided to go along with that compensation. But truly now that shareholders want reduced expenses because the economy has a bad outlook, and the extremely low-interest rate loans dried up, here comes more layoffs!
But now he's very unhappy. This guy has always been an excellent performer with a big drive, but the bad tech job economy is hurting his mobility.
He said that the "Day in the Life" videos pissed off shareholders. Projects weren't moving forward fast enough despite the highly-paid people working on them, and all of the luxuries that FAANG companies provided to go along with that compensation. But truly now that shareholders want reduced expenses because the economy has a bad outlook, and the extremely low-interest rate loans dried up, here comes more layoffs!
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