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Re:What’s going on with Google and Facebook hiring freezes? by cmrdporcupine on Tuesday August 02, 2022 @01:07PM (#32321397)
Yeah, I mean, this is my take, too.

I have worked for places that offered equity a few times. It did turn into something once (Google bought my employer). But the actual equity conversion was minor in quantity compared to the rest of my Google TC.

There's no way out of "serfdom" other than starting your own company. I don't think this is healthy. The incentives are not there for engineers in startups to really put themselves out there.

Re:What’s going on with Google and Facebook hiring freezes? by typon on Tuesday August 02, 2022 @01:22PM (#32321645)
> There's no way out of "serfdom" other than starting your own company.

Took me 10 years of grinding to finally realize this. Now at this stage the only question is how do I do it?

Re:What’s going on with Google and Facebook hiring freezes? by Firmwarrior on Tuesday August 02, 2022 @03:29PM (#32323201)
You can just save your way out too. I started on the path to FIRE (check out /r/financialindependence on Reddit) about 10 years into my career, and it was a huge quality of life improver

Now I'm always sitting on an enormous pile of savings and I have short- and long-term plans to move my career and life forward. It spares me a lot of stress.

Re:What’s going on with Google and Facebook hiring freezes? by bombcar on Tuesday August 02, 2022 @04:39PM (#32324006)
This is likely a more "reasonable" path unless you "go into business for yourself" as a plumber or a consultant, neither of which actually makes a salable business.

Especially since you only need to keep your expenses 10% lower (or so) than your after-tax income to hit a reasonable target.

Re:What’s going on with Google and Facebook hiring freezes? by Firmwarrior on Wednesday August 03, 2022 @01:26PM (#32334553)
Yeah, I looked into it on my own early in my career, and I thought "Damn, I'd have to save two million dollars to live in retirement off 50k a year for forty years"

Turns out the numbers are a lot more favorable, though. You can count on some level of compounding investment growth even after inflation, you can slash your living expenses after you retire, etc. Suddenly early retirement is a possibility even at a pretty modest income level, without compromising your quality of life too much in the mean time