Is big tech’s red-hot jobs market about to cool?

Re:Is big tech’s red-hot jobs market about to cool? by scarface74 on Friday June 03, 2022 @12:00AM (#31604128)

Despite the FAANG acronym, Netflix was always a nothing burger in terms of BigTech. Even befits the crash they were like #50 in terms of market cap. BigTech should have always been FAAMG. With Microsoft instead of Netflix. Those five ads worth more than a trillion

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Re:Is big tech’s red-hot jobs market about to cool? by msikora on Friday June 03, 2022 @02:04AM (#31604795)

I'm coining GAMMA: Google - Apple - Meta - Microsoft - Amazon

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Re:Is big tech’s red-hot jobs market about to cool? by azemetre on Friday June 03, 2022 @08:13AM (#31607218)

FAANG was never about big tech it was about companies that experienced tremendous stock growth 100-300% in a short time.

Then people co opted the term to mean companies that paid well (wow the company with high stock growth pays more).

In regards to this Netflix was absolutely innovative in regards to engineering. They literally wrote the book on chaos practices. They also pay extremely high base salary ($400-600k).

Microsoft never paid well in regards to its peers.

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Re:Is big tech’s red-hot jobs market about to cool? by scarface74 on Saturday June 04, 2022 @11:43AM (#31621687)

Also remember the original acronym was FANG and left out Apple even though it was growing by leaps and bounds at the time.

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Re:Is big tech’s red-hot jobs market about to cool? by whimsicalism on Friday June 03, 2022 @10:25AM (#31608723)

> Microsoft never paid well in regards to its peers.

Their subsidiary, Linkedin, beats most of Microsoft's peers.

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Re:Is big tech’s red-hot jobs market about to cool? by azemetre on Friday June 03, 2022 @10:40AM (#31608939)

That’s fair, I’ve also heard GitHub also gives higher stock grants than MS.

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Re:Is big tech’s red-hot jobs market about to cool? by neeleshs on Friday June 03, 2022 @12:42AM (#31604375)

MAAMA? (Microsoft, Apple, Amazon, Meta, Alphabet)

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Re:Is big tech’s red-hot jobs market about to cool? by msikora on Friday June 03, 2022 @02:03AM (#31604790)

This is good too, but that MAGMA the other guys suggest makes sense and is a real spelling of a word. I like it!

Also GAMMA could be good: Google - Apple - Meta - Microsoft - Amazon

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Re:Is big tech’s red-hot jobs market about to cool? by alexb_ on Friday June 03, 2022 @01:48AM (#31604693)

I've recently heard the acronym "MAGMA" thrown around.

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