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A comment on Tell HN: Job interview canceled due to looming recession. Parent comment

Re:Tell HN: Job interview canceled due to looming recession by ghostly_s on Tuesday May 24, 2022 @08:04PM (#31499035)
Salaries at FANG have been cut 50% in the past 12 months? I have to give that a massive Citations Needed.
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Re:Tell HN: Job interview canceled due to looming recession by dghlsakjg on Tuesday May 24, 2022 @08:16PM (#31499117)
Total comp has likely come down, not salaries.

If a significant part of your comp is in stock, then yeah, that portion of your pay is down potentially 70% or more in six months (Netflix). There’s probably some employees at FAANG that are negative on their equity.

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Re:Tell HN: Job interview canceled due to looming recession by scarface74 on Tuesday May 24, 2022 @10:54PM (#31500085)
Netflix historically paid in all cash. Recently, they started letting their employees choose.
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Re:Tell HN: Job interview canceled due to looming recession by throwawaylinux on Tuesday May 24, 2022 @11:28PM (#31500291)
> Recently, they started letting their employees choose.

lol didn't want to be the last ones holding the bag. What a scumbag move.

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Re:Tell HN: Job interview canceled due to looming recession by pepy on Wednesday May 25, 2022 @07:18AM (#31502907)
paid cash on the way up, paying stock on the way down, lol
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Re:Tell HN: Job interview canceled due to looming recession by smugma on Tuesday May 24, 2022 @08:52PM (#31499403)
AAPL still up 10%+ YoY. Msft not technically FANG (MAGA?) and also up YoY.
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Re:Tell HN: Job interview canceled due to looming recession by jeffreyrogers on Tuesday May 24, 2022 @08:17PM (#31499124)
They mean total comp, which is probably true since lots of people include their stock price appreciation when they talk about their total comp.
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Re:Tell HN: Job interview canceled due to looming recession by dodobirdlord on Tuesday May 24, 2022 @08:50PM (#31499385)
Even so, a 50% decline over the last 12 months is impossible. Of the FAANG companies, only Netflix is down more than 50%, and Netflix is notable for compensating people in mostly cash. Someone's compensation would have to be 100% stock and even then it wouldn't be down 50%.
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