A high-growth company will, by definition, be a short-tenure company. Ironically, it's at shrinking companies that relative tenures often increase, especially as those who cannot (or feel they cannot) compete elsewhere remain.
For a company increasing headcount by 35%/yr, half of all employees will have been hired within the past two years, even with no attrition.
Statistics under conditions of rapid change are ... counterintuitive. And you'd probably want measures that better indicate length against hire date, or at departure date, or similar factors. In some ways this is similar to the challenge of identifying disease mortality during early phases of emergence as not all cases will have reached conclusion and identification of all infections or instances is likely to be incomplete.
Not that I can think of any phenomena where this might be exhibited in the past few years....
Aren't FAANG salaries still absurd?
After say twenty years, my friends on Wall Street are mysteriously richer than I am. Of course the ones who didn’t survive the early treadmill aren’t included, but I guess that’s the trade off. Engineering is fairly stable and well paying, but you don’t get million dollar payouts unless you are a founder.
After all, if I wanted to be paid for stock performance I would’ve been a stockbroker (and like I pointed out up there, gotten paid way more after 20 year survivorship).
Also, I didn’t think it needed to be said but apart from Apple all the FAANG companies are really young, Google is only 23 years old. Back in 2001, they had less than 500 employees. I’m not one of the golden era. If I were, you’d already know my name and I of course would be a multimillionaire.
Multimillionaires are not people who joined Google 20 years ago. That's a different league altogether.
Multimillionaires are just normal people you've never heard of who work 9-5 and drink beer on the weekends with their friends and have a normal house in South Bay.
They joined Snowflake, Square, Airbnb, Lyft, Netflix, or any other of the hundreds of SV companies like those in the last decade, even the last few years.
They are the average homebuyers for 1500-2000 sq foot ranch houses in Bay Area right now.
Having your company put billions into the bank every year because they "don't know what to do with it" while you're not even a millionaire is disheartening.
I mean, if they were still paying us all handsomely like stock brokers then I bet popular opinion would be on their side.