Re:Tim Cook tells employees the return to offices will begin...
by erosenbe0 on Wednesday March 09, 2022 @01:20AM
(#30611473)
I totally agree that some of the published pay numbers are a little optimistic and include stock and discretionary bonus that are dependent on market performance. However, the companies in that top sphere are still a strata above most of the alternatives.
Plenty of people want to earn that extra renumeration even if it means doing grunt work or giving up on their work-life balance.
Also a lot of their income was stock and share bonuses, great if the stock price is constantly going up and they're growing hand over fist, but when things slow down that non-guaranteed income is the first thing to be looked at - if it's not on the contract it's not guaranteed. Sure you might be lucky, but in my experience the "Buy your house in cash of FAANG" for a mid-level engineer gravy train seems to be over if you're not already sitting on the options.