You have to consider total comp and then factor in that Netflix only pays cash but competes against the others. So you can get 600k at Meta via cash+equity+bonus you get the same all in salary and bonus from Netflix.

Oh, it's for real alright: https://www.levels.fyi/company/Netflix/salaries/Software-Eng...

Easily over a million for high end/staff eng at FAANG/ish companies.