“Great resignation” wave coming for companies

Re:“Great resignation” wave coming for companies by oarabbus_ on Monday June 14, 2021 @04:09PM (#27507626)

> Particularly at FANG/startups that have exited, they can "FIRE" after less than 10 years of working. I know many people in this category.

Less than 10? I would need to know more details on this before believing it at face value. Say a FANG person makes 300k/year on average over 8 years.

That's 2.4 million pre-tax, something like 1.4M post-tax, and not enough for FIRE for most people.

Maybe if someone was early in a startup that had a massive exit, sure. But that definitely doesn't describe the typical FIRE person/FAANG worker/etc.

[ Parent | on HN ]

Re:“Great resignation” wave coming for companies by sadfasf122 on Monday June 14, 2021 @04:18PM (#27507755)

300K is on the lower end of salaries, esp. over 8 years. This is also just run-of-the-mill individual contributors that got in very late. Early employees, senior/leads/managers/directors/vp will make substantially more.

You're also assuming they did nothing with their earnings over those 8 years - when in reality most are invested in the markets which have killed it over the last decade.

I think people in tech are making a shitload more money then most realize.

[ Parent | on HN ]

Re:“Great resignation” wave coming for companies by oarabbus_ on Tuesday June 22, 2021 @04:40PM (#27596891)

Google's median salary is $240k. $300k isn't on the lower end it's above average (above median not mean).

[ Parent | on HN ]