Coinbase announces it will slow down hiring

Re:Coinbase announces it will slow down hiring by mywittyname on Tuesday May 17, 2022 @11:56AM (#31412558)

Well, there are two categories of wages for tech workers: FAANGs and everyone else.

If the tech stock bloodbath continues, that certainly will impact wages on the FAANG side. People might start leaving for places that offer more cash comp, or FAANGs might increase RSUs to compensate.

It seems like a lot of the recent wage growth is at the lower-mid tiers, which make up the bulk of the industry. So, if companies that pay in the $80-120 range start cutting back on hiring, we might see a softening of wages for normal developers. I have not seen this happening...yet.

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Re:Coinbase announces it will slow down hiring by buzzthro on Tuesday May 17, 2022 @12:39PM (#31413193)

Not necessarily. The FAANG stock prices are low right now due the overall market slump (except may be FB or NFLX). They will highly likely bounce back along with the rest of the market in a while. So getting a fat count of RSUs from a FAANG company at a bargain price (usually based on price on/around starting date) may likely have a huge payoff in a few years.

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Re:Coinbase announces it will slow down hiring by laluser on Tuesday May 17, 2022 @12:57PM (#31413441)

I agree, but you are still betting on a lottery ticket here. Likely, a lot of companies might not recover and just slowly grow (Netflix?) and not make too much movement.

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Re:Coinbase announces it will slow down hiring by freyr on Wednesday May 18, 2022 @03:14AM (#31420045)

Netflix pays cash so engineer comp is fairly insulated from market fluctuations. In the past few years, that may have seemed like a negative, but right now it’s a blessing.

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