My TC before Meta was about 275 I landed a M1 role at Meta making 550 TC for 1.3 years and got laid off and now I’m back at $263k all in $225k base + $17% bonus no RSU or options finance company. I feel like I’ll stay here for a year or two until the market gets better and try to land another FAANG role I feel really bummed out about my lower TC now I can’t believe I’m the only one doing this? Do we plan to see a flood of engineers leaving company for higher TC 12-18 months from now ? YoE 24 TC 263 Engineering manager
How come you are not a VP or director already with all that experience?
Prick
Many Meta engineers have really messed up expectations due to past hiper growth.
Yes, Great Resignation 2.0 in the next 12-24 months is imminent. Already seeing early part of the normal curve of it happening.
Why resignation ? Fat fire ?
Companies are implementing PIPs and employees are preempting them by just interviewing around all the time.
It is inevitable, revenge for the loyalists!
Do you also do 2x less work and carry 2x less responsibilities? If not, then going back to faang maybe make sense for you.
What's ur nw
I have 4 investment properties worth 1.2M in the Caribbean and my primary house in NY is worth about 800k, 300k in 401k 220k in stocks and about 80k in cash
Why the Caribbean ?
Depends on what happens in the broader economy and more specifically in tech salaries. Right now a lot of high TC but laid off folks are taking even 50% haircuts. If the market goes back to crazy high TC days, everyone will jump for high TC again like in 2021. However, if the new normal is lower compensation… then we all suffer lower salaries till the next bull run
50% haircuts 💈
ChatGPT will fuck all y'all and your underserved exorbitant salaries
How is it undeserved if the corporations are willing to pay them that much? You think they're in the business of giving away money out of the goodness of their hearts?
hahahaha chatgpt sometimes fail with simple subtraction answer and you rely on it … 2 mins silence for this response
Why are you still working after 24 YOE? Surely time to retire?
If after undergrad, 24 YoE puts you in 40s. Don't see why reason to retire?
I’m 44 I still have a mortgage on my primary residence and I own 5 investment properties that are all mortgages mostly Airbnb income and have 220k in stocks 300k in 401k and about 80k in cash I’m not hungry but I don’t know many 44 year olds who is retired yet in a HCOL area
Are you the guy that “downleveling” post was about? I think the person in that story took a job at Capital one. I’m interviewing for around the same comp, but miss being spoiled and entitled so much. Whatever job I take, I’ll leave it for another cushy FAANGish job in a a heartbeat. I just did an interview where they want in office 4x a week, but they aren’t going to pick me up to bring me to the office, and there’s no free lunch, and all I could do was sigh. HM’s should enjoy us while they can.
By picking up you mean Meta’s shuttle? I don’t recall any other pick up options while there.
Yeah the shuttles.
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24 YoE sounds great 👍. Did you do any MS/MBA/PhD? Also, how long manager for?
I was a director level at a publicly traded company before meta but got down level in title came in as M1 but doubled my TC due to RSU’s