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Re:Reduced-hours software development engineer position at A... by softwarebeware on Wednesday February 02, 2022 @05:35PM (#30185084)
We know that Amazon has a max salary of $160,000 or some such
Re:Reduced-hours software development engineer position at A... by WaxProlix on Wednesday February 02, 2022 @05:40PM (#30185129)
Technically true, in Seattle, but a large portion of comp comes in RSUs above that mark. You can see on levels.fyi that new hires in the 5-10 YOE range are getting total comps in the 3 or 400s pretty consistently.
Re:Reduced-hours software development engineer position at A... by CobrastanJorji on Wednesday February 02, 2022 @05:45PM (#30185196)
Yes, which is a problem. Amazon employees have been watching themselves get steady, significant raises via stock vesting for years, but AMZN flattened out in mid-2020 and the company's done very little to account for that, so everybody's raises have started to dry up.
Re:Reduced-hours software development engineer position at A... by petilon on Wednesday February 02, 2022 @05:52PM (#30185291)
Amazon employees get RSUs. The difference between stock options and RSUs is that options are worthless if the stock price doesn't go up, but RSUs are worth the stock price, so it doesn't have to go up, it just needs to not drop.
Re:Reduced-hours software development engineer position at A... by qqtt on Wednesday February 02, 2022 @08:32PM (#30187176)
> so it doesn't have to go up, it just needs to not drop.

Amazon compensation packages assume 15% increase in RSU value year over year, so when you get a 4 year grant as a new hire, your target compensation will be projected based off 15% year over year growth, which typically means less stock granted in year 4 compared to year 3.

With a stagnant stock price, many Amazon employees are potentially at risk of not hitting their year 3 target compensation.

Re:Reduced-hours software development engineer position at A... by Rebelgecko on Wednesday February 02, 2022 @09:49PM (#30187887)
I've heard that when AMZN goes up, Amazon will actually take that into account and reduce your refreshers
Re:Reduced-hours software development engineer position at A... by WaxProlix on Wednesday February 02, 2022 @05:55PM (#30185338)
I'm definitely aware of that. Amazon's comp was never competitive, and stagnant (or even declining) stock over a multi-year period exacerbates the issue for sure. I say this as someone who recently left AWS, in large part for comp related issues (actually kinda loved the job I eventually fell into, alas).
Re:Reduced-hours software development engineer position at A... by burnoot on Wednesday February 02, 2022 @09:04PM (#30187482)
I’m not sure whether everyone else is getting poorly paid at Amazon, or whether my clique is just doing well, but I’ve found that my salary is (was) in line with the higher end of the market. The declining/flat stock price changes that though. I know quite a few Amazonians looking to leave once their two years are up*

* Amazon pay a signing bonus for the first two years in lieu of RSUs. The idea is that you could sell your RSUs to make up the difference. The problem is that, for anyone who started in the last two years, your RSUs won’t make up the difference between your base salary and what you were getting as a bonus.

Re:Reduced-hours software development engineer position at A... by WaxProlix on Wednesday February 02, 2022 @11:25PM (#30188663)
Market has gone up, too - if you're a recent hire, your comp targets are actually above those of your seniors. As an incoming L4 you can make up to 200k now, whereas 140 or 150 was considered 'good' 5 or 6 years ago. L6s who are pulling in mid 3s can leave and get 5-600k elsewhere very easily. It's not that the amazon money is bad per se, just that the industry and talent market are kind of crazy right now.
Re:Reduced-hours software development engineer position at A... by freyr on Thursday February 03, 2022 @03:44AM (#30190171)
L6 at Amazon is two levels up from the bottom (“senior engineer”)? Where are they making $500k-$600k a year?

From levels.fyi, FAANG and the unicorns are almost all in the $300k-$400k range. Have offers gone up $200k in the last few months? Or are you assuming people are moving up a level?

Re:Reduced-hours software development engineer position at A... by WaxProlix on Thursday February 03, 2022 @06:33PM (#30200591)
It's true actually, levels shows them topping out at ~400, but I personally know a few who are well above that.
Re:Reduced-hours software development engineer position at A... by comp_throw7 on Friday February 04, 2022 @04:19PM (#30213389)
https://www.levels.fyi/company/Amazon/salaries/Software-Engi...

If you filter by "New Offers Only", you'll see a pretty sharp shift in the trend starting around October 2021.

Same with Uber, a notable uptick starting late last year: https://www.levels.fyi/company/Uber/salaries/Software-Engine...

The top of the band has probably gone up more than the median offer, and most companies didn't increase their bands by that much (yet). This is definitely a case of "the future is here - just not evenly distributed yet".

Re:Reduced-hours software development engineer position at A... by freyr on Saturday February 12, 2022 @03:09PM (#30315900)
Still, extremely few in the claimed range, even after October.
Re:Reduced-hours software development engineer position at A... by nijave on Wednesday February 02, 2022 @06:33PM (#30185844)
A lot of places are issuing RSUs based on cash value, not set share quantity.

If stock goes down, you end up getting more shares and vice versa but the $ stays the same

It's basically just regular bonuses tied to tenure