Yeah and they have an average tenure of like 1.2 years, but their stock vesting schedule gives you 5% in year one, then 15%, 40%, and 40%. So you’re pretty likely to never get whatever carrot they dangle in front of you.
Comment on Amazon tech workers leaving for other jobs in response to return to office mandate
scarabic@lemmy.world 1 month agoI never understood why anyone works for them at all. And I’m not even talking about warehouse workers. I’m talking about the tech staff. Amazon is known as a cutthroat workplace that drives people like a hammer drives nails. I would never choose to go there.
phoneymouse@lemmy.world 1 month ago
dan@upvote.au 1 month ago
Their strange stock vesting schedule makes me think that they’re aware that people won’t actually want to stay for four years. A back-loaded vesting schedule never benefits the employee, only the employer.
Other companies usually have an even schedule, for example Meta vests 6.25% per quarter (i.e. 25% per year but you get it quarterly instead of yearly). Google is an outlier too, but they do the opposite of what Amazon does - 33% in year one, then 33%, 22% and 12%.
Dudewitbow@lemmy.zip 1 month ago
FAANG looks good on the resume so people go there with intention to eventually leave for another company willing to pay for FAANG experience. unless you work in a very focused team (e. g Occulus) youre better off jumping companies for higher pay.
scarabic@lemmy.world 1 month ago
It’s pretty hard to beat FAANG pay though. Probably there are other factors involved as well. Like maybe they can command 90% of the pay but have 2x better work-life balance or something. But people do stay at these companies for long periods. I’m sure some are there to stamp their passport but not all.
Dudewitbow@lemmy.zip 1 month ago
theres definitely people in there for the long haul, but most people are just job hoppers jumping onto companies paying more till they land into one with the perfect work/life balance for their preferences. Part of the reason why unionization int he programming sector is hard, because most of the people already willingly leave jobs for higher paying ones.