> (Netflix employees, why do you accept this?)
Let me take a stab at this: money is good.
Let me take a stab at this: money is good.
> Let me take a stab at this: money is good.
Better than everywhere else, including other FAANGs, where you don't have to tolerate such policies?
Effectively what they're doing is comparing total comp at Netflix with base salary at other FAANGs, which is very misleading.
That said -- I mean this with all sincerity -- it does my commie heart good to see that absolutely no in this thread is buying Netflix's bullshit.
For the most part, these are all benefits of RSUs at a company like Facebook or Google.
They're totally liquid. They "vest", but in short order.
This isn't startup equity. It's very much real money.
You seem rather... aggressive with how much you want to downplay the differences and your entire contribution to this thread has been attacking "Netflix apologists" and defending any argument for cash-based salaries. It's fine if you don't like their culture/comp structure, but you sure seem to have an agenda here.
For a senior engineer, their stock will vest monthly or maybe quarterly. At Google at least, there is no cliff, so you begin vesting your first or second month.
That is simply untrue. In FAANGs I'm familiar with, vesting can be monthly, very much like cash compensation.
Your other claims are untrue as well.
I'm very much against presenting misleading information, such as comparing total comp at Netflix to base salary alone at other FAANGs. Especially when this misrepresentation is then used to make the blatantly false claim that Netflix comp is substantially higher than other FAANGs.
The number repeatedly quoted in this thread shows the opposite: Netflix total comp appears to be lower than other FAANGs.
I have no agenda here. My initial response to the article was based on what I read in the article. Holding meetings to explain how terminated employees were under-performing - is very toxic in my opinion, and fertile ground for abuse and misrepresentation. Several Netflix employees in this thread seemed to agree with this assessment.
Agree to all the other points though.
You can't compare base salaries, you can compare the benefits of all cash vs stock awards (401k, higher monthly income, no market emphasis on income). That was my entire point, so this diatribe about Netflix apologists has no business in this thread.
Had this not been the case every single company would have been doing perp-walks of the managers engaging in such behavior.
As someone in tech, if you are making over $250k/year you should realize that unless you have a contract ( not as in 1099 but as in someone who has an individual, negotiated, untouchable using regular processes ) and you are not in the top 3 tiers of management, then to the management you are a very expensive line item which needs to be minimized. Google and Facebook are starting to tip over -- there will be stories about their culture popping up next year or two.
"Expensive" is relative, though. The top places are growing and in constant need of great new employees. Firing an engineer making $250k just to hire a replacement making the same amount is actually highly expensive and wasteful - firing and recruiting can easily cost as much an annual salary.
Recruiting is really expensive.
> Google and Facebook are starting to tip over -- there will be stories about their culture popping up next year or two.
What do you mean by that?
Stories of Zenefits ickiness started popping up when it became unclear that those working for it would become multi-millionaries in next few years.
Stories of Netflix culture toxicity started popping up when it became no longer clear that Netflix will continue to eat the world of streaming -- hence continuing to provide massive $$ to those working for it.
People would take more abuse for a higher chance to make a boatload of money. The smaller the boatload or the less are the chances of making it, the less employees are willing to take.
If you are to look at Google and Facebook stories over last 6-12 months you would see more and more questions about how far those two companies can grow. As the growth trajectory slows down more and more stories about the internal ugliness show up because fewer people are willing to take it.
People tend to work hard and accept a lot of crap as long as they are making a lot of money, or hoping to.
Once those prospect dim, hell does tend to break loose. People suddenly lose patience with bad policies, with politics, with people they only barely tolerated before, with high levels of stress at work...
The same people who soldiered on like good boyscouts when the money was pouring in, will become fed up and recalcitrant once they run out of financial reasons to take shit from management.