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Q: What's the fastest way to go from L4->L5 at Google?

A: Get a job at Facebook at E4, get promoted to E5, and get hired back at Google L5.

Google is somewhat famous for downleveling so I'm really not sure that this is actually true.

They can’t downlevel someone from Facebook that easily. They have to match the compensation at least and Facebook pays pretty well at L5 level.