Companies that pip the most : Amazon, Netflix & Meta are getting pipped by market
It's an irony that companies in FAANG that strive on fear based culture have seen their stocks flat or drop significantly in this market. Amazon has to manipulate their earnings by including rivian unrealized stock appreciation & start buying back their stocks to stop the stock from deflating. engineers are unwilling to go though shit for peanuts Netflix preaches no rule rule and disguise their fear & pip culture as projecting them as sports team. But in last decade they have become irrelevant by just staying yet another streaming app. Facebook is same story. They have to acquire innovations because they don't have any in house innovation. TLDR Employees are too afraid to take long term risks as they only care about next performance cycle in companies like FB, AMZN and NFLX. Google and Microsoft have more sustainable growth with less risk for implosion with their culture. #amazon #netflix #facebook #microsoft #google #tech #pip
Meta Pips? Also I like how you put msft on the same level as Google. Hilarious.
Meta stock performance is subpar compared to alphabet, msft Meta is associated with lots of negativity in the public eye
Agreed. Msft stock is doing great. If you disagree we can find a place to fight
Isn’t $NFLX’s perf cycle every month -> keeper test?
They are not much different from squid game
This is bound to happen. Worked at FB — too gross engineering culture. Talents / top $ offer don’t build a great company. Never been fan of NFLX. Over hyped — both from subpar technology and talent povs. Amazon — was super great as investment. Declined their offers twice. Engineering interview and quality of engineers nowhere close to F/G. Lately stock is out of favor. But AWS and ad $ will put it on growth track soon. I only hope their PIP culture will be bit improved, as they should realize that top $ only matters with sufficient WLB and modest stress. Senior engineers have so many options and to pull 400-500k these days.
Amazon - they need lot of talent just to keep the lights on. They barely get time to dive deep & really make something innovative without cutting corners & accumulating technical debt. Cloud is not rocket science and many big & small players are catching up with innovative & reliable services. They are still diversified but I am betting stock will continue to perform poorly making it hard for them to retain engineering & leadership talent
Amazon realized code monkeys are enough to keep the wheels running. With AWS + Ad hitting ~150b annually (currently 100b+ rate) , it may hit 5k by 2023. I won’t add right now, as rate hike will bring down market 10%+.
We don't PIP, if you can't do the job, you will be let go. Nobody wants to hold bags for their underqualified teammates. We don't have quota like Amazon and we don't stack rank. so it's not rare to see nobody's terminated in a team for many years either
Straight to the point 😂 … damn
^^How often you have seen people on your team let go?
I don't know anyone that got pip
Some of my fb friends think stress is worse than Amazon. They have to cut corners & can't innovate in that chaos. Instagram, Whatsapp, TikTok all happened outside
@boriing I think "They have to cut corners & can't innovate in that chaos." I feel meta is having this issue