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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]For the past 8 years, DH has ridden the competitive market with the FAANGs.  Eight years ago he went job searching and  got a competitive offer at another FAANG as the FAANGs were stealing each other's talent at any cost.   At 4 years in and when his stock/bonus from that jump were about to be all vested and his comp would have been reduced by 50%, he took his 4th year comp and presented it another FAANG after a job offer.   He has made $1.5M+ a year for 8 years.  Sadly the gravy boat has turned dry, and 2022 comp will be somewhere in the $400K.
(seattle)[/quote]

The comp structure (RSUs/equity that vest over a few years and then stop) is very strange.  I know some companies do refreshers, but seems they often still lead to significantly reduced comp.  Is this basically an up or out strategy?  I don't understand the concept behind effectively reducing comp for long term employees.[/quote]

At Amazon, year 5, it significantly goes down with RSU's especially if the RSU value goes up.  You basically have to job jump every few years and go where the money is.  You cannot count on how much you make with RSU's.  We live on salary only.[/quote]

For Amazon, yes you will have the cliff because Amazon does not do refresh. They give you so much bonus the first two years and the next two years are basically relying on stock growth, which I would say it's impressive.

For other FAANGs like FB, you get very generous refresh every half year. However they recently changed the performance review to once a year, not sure how that would affect refresh. It would be stupid to not count the RSU's because even our lender considers it.

If you wanna make more money in tech, you absolutely needs to jump to get that market rate. Well recruiters are constantly approaching from other FAANGs anyway, so there are many opportunities out especially for level3+. [/quote]

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