People who thought the massive comps at growth tech were real are dumb
I keep trying to tell engineers this. Growth stocks (robinhood, roblox) etc were way overvalued and those companies know that. When they hand out 450k for a mediocre engineer in comp, it’s because the fed is going to raise rates and crash the stock. If you don’t understand Macro economics and are staring at heavy RSU based comp, you are literally flying blind.
This also extends to Amazon, google and Microsoft. Amazon stock has stagnated, so they pay more because they know two years out, it will still be flat. Google underpays and their stock outperforms.
It’s not a 1:1 mapping but companies absolutely take this stuff into account
Edit:
My conclusion from this thread is all blinders know how to do is leetcode, and understand nothing about interest rates or current economic policy.
comments
https://www.youtube.com/watch?v=Khn1ZqysON0
Also, Roblox has pretty good engineers esp the ones who recently joined are from faang mostly.
Robinhood, sorry my comment was not about engineering talent. I am sure rh engineering talent is also top notch. It was mainly about TC comparison between rh and rbx because we are still doing just fine price wise but rh is getting hammered.