Comment on How working for Big Tech lost 'dream job' status
chakan2@lemmy.world 6 months agoI would too, but it really depends on the company. If I can do it, I’m WFH for the rest of my career for companies < 1000 people.
FAANG (or whatever it is these days) are awful fucking people to work for. One of the developers I respect most in my career walked out on .5M in bonuses on Amazon because of their ranking system for his employees. I was shocked.
But depending on the employer it’s still a very good gig.
farcaster@lemmy.world 6 months ago
This also shows what an incredibly privileged position techies have in the job market. I totally understand quitting Amazon. Really, I wouldn’t want to work there either. But ask one of their warehouse workers if they’d ever quit and forfeit a 0.5M bonus…
dhork@lemmy.world 6 months ago
Companies like Amazon can pull this off because of stock grants. (And I don’t think they give out stock grants to warehouse workers, but I could be wrong.)
When they hire a developer, especially one who already has the relevant experience they for, they will say “On top of the salary and bonus, we will also give you $200k worth of stock”. But that stock can’t be sold right away; it goes into an account where it vests over 4 years, 1/8 at a time. Your only condition for vesting the stock is being employed. If you leave for any reason, or even get laid off, you give up the rest.
Sometimes you also get smaller awards with your yearly review, subject to the same terms. They do this so that if you are a key developer, leaving would mean you forfeit this large account you have accumulated on paper. But in the back of your mind, you know that if your project gets canceled and you don’t find a new one in the company, that money goes poof also. So it’s play money until it vests, anyway.
farcaster@lemmy.world 6 months ago
Yeah. That’s my point. And still people take these jobs and work very hard indeed. Try explaining “limited bathroom break time” to your average tech worker.
People don’t seem to understand the average worker would kill to make $80/hour and $200k in RSUs. Not a dream job, right.
dhork@lemmy.world 6 months ago
My point is that while it seems insane to leave half a million in RSUs to leave a company, if the person thinks their job is in a precarious position, it’s extremely unlikely they would ever have vested them all anyway. So the money was never really theirs to begin with.
Now, is that DevOps engineer worth that much more than the warehouse guy who picks the item to send to you? I doubt it. But it seems like that’s the going rate for a competent DevOps engineer with the relevant experience. While the qualifications to be in the warehouse are not quite so stringent.