If they are such solid performers, they can get jobs in other FAANGs who pay just as well. Netflix pays well, but does it pay so much better that I should put up with this BS?
I doubt.
In fact, by keeping up this abusive charade, Netflix is guaranteeing that many of the best candidates will never apply. So my guess would be that their employees aren't the best, but perhaps the best candidates willing to accept this BS.
To the FAANG employee with a PHD who's been "hanging out" making widgets a 1st year programmer could build, the appeal I think is to invite people who want to show off the fire in their belly to do something.
And then they make 1st year programmer widgets, but with LOTS of passion and arguments and being told they can be fired at any moment.
The pay for Senior & Principal level positions at Netflix are $350k-$500k+ base compensation. The same shape of thing at Apple, Facebook, etc. would be about half that in many cases.
Netflix goes out of its way to pay top-of-market and often by a significant margin.
A Principal Engineer at FB would make "half" of $350-500k in compensation?
Pure nonsense.
Moreover, it seems like Netflix pays more cash and less equity, so some folks on this thread love to talk about "base compensation", "salary", etc.
What really matters is total comp, and from what I know, Netflix is about on par with the rest of FAANG.
I don't know much about them directly, but I do know folks who work for FAANGs very close to Los Gatos, and would certainly be inteested in moving if Netflix paid more "by a significant margin".
In fact, it is not-my-wild guess that the probability of stopping a homicide steeply decreases with the amount of money given to look the other way. For some, even their sister's. Go figure for a job in tech.
Almost same outcome.
:shrug: You need better data.
Would love to see any specific numbers you have but that just sounds straight up wrong. IME $200k-$250k is around what L4s at Google make in total comp.
Are you sure this isn't a salary vs. equity thing?
I'm guessing GP is someone who heard base salary data for Netflix vs other FAANGs, and doesn't realize how much of total comp at a non-Netflix FAANG would come from bonus and RSUs.
true according to acquaintances from there. Pure cash.
>The same shape of thing at Apple, Facebook, etc. would be about half that in many cases.
the base at FAANG is about half of NFLX. The RSUs take the total higher than NFLX. Know cases where $100K-$200K higher total comp offer from FAANG (i.e. mostly RSU) wouldn't move the NFLX employee - $500K cash change your view of the world :)
That's really silly, but demonstrates Netflix's pay strategy. They don't pay better than other FAANGs - the comments in this thread indicate they pay less than the top FAANGs. But then they use the fact that it's "all cash" to appeal to folks who are misguided about RSUs.
There are no shortage of articles, just on this very site even, indicating that all of the FAANGs have weird, dysfunctional internal cultures. So it would be out of the frying pan into the fire.