Netflix lays off about 150 employees

Re:Netflix lays off about 150 employees by chrisco255 on Tuesday May 17, 2022 @08:29PM (#31417863)

Pretty sure the early employees did make millions from stock grants and Netflix was always known for high salaries. $250K - $500K a year not unheard of.

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Re:Netflix lays off about 150 employees by thundergolfer on Tuesday May 17, 2022 @09:34PM (#31418319)

> $250K - $500K a year not unheard of.

More like $500k minimum. Netflix mostly hires senior engineers – until recently it was only seniors – and those seniors make over $500k.

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Re:Netflix lays off about 150 employees by drieddust on Tuesday May 17, 2022 @11:05PM (#31418837)

So they might be paying 2x-3x. Does that justify professional player analogy?

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Re:Netflix lays off about 150 employees by scarface74 on Tuesday May 17, 2022 @08:45PM (#31417973)

Yes Netflix does pay top of market. But they pay in cash - not RSUs. Recently from what I heard, they give employees the option of cash and RSUs.

BTW, $250K - $500K is about average for BigTech developers.

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Re:Netflix lays off about 150 employees by danachow on Tuesday May 17, 2022 @10:40PM (#31418697)

They pay with cash and options, not RSUs options that are fully vested and granted monthly at 40% value.

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Re:Netflix lays off about 150 employees by xvilka on Tuesday May 17, 2022 @08:49PM (#31418004)

Given the current state of the stock market, it's even better.

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Re:Netflix lays off about 150 employees by rodgerd on Tuesday May 17, 2022 @11:36PM (#31418989)

Professional footballers can make that in a week.

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Re:Netflix lays off about 150 employees by chrisco255 on Wednesday May 18, 2022 @05:29AM (#31420723)

Which footballers are making $26M a year? Only the best of the best.

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