Knowing myself a bunch of current and ex- faang people, this summary sounds quite accurate indeed. I would add one more somewhat common case: some people join Faang to prove to themselves that they can, and quickly discover they do not like the "big corp" aspect of it and move rather fast (less than 2 years in) to smaller scale companies/startups.
As a FAANG employee, I can confirm this is accurate. I'm at the point where I'm thinking maybe i can better allocate the 50-60 hours I work a week (let alone the time I spend thinking about my job outside of production) into my own initiatives to achieve better results. The bar is high at these companies and it can be tough to broaden your horizons whilst maintaining a high standard in your core job.
Are the developers at FAANG companies really so good? The companies' products have declined in quality over the last two decades and I have heard anecdotes about how the code is all a giant, bug riddled mess, poorly documented, not commented, etc.
@@eitkoml That's probably too broad of a statement to make. For sure there are plenty of insanely smart, talented engineers at these big tech companies. But, executives/leadership don't always create the environments that allows them to succeed. For example, the pressure to produce near-term results means devs are more likely to focus on fighting fires and churning out features ASAP rather than doing sufficient planning, architecting, documentation. This, coupled with the high turnover (causing a lot of domain-specific knowledge to leave the company) works against the codebase quality. This is of course highly-dependent on company, product, team, etc. though.
I have multiple friends and family thats been at a Faang company for 5+ years and even 10+ years, i was told a few times, there's way way way more undesirable jobs/teams that have people last only like 2 years, then there is desirable jobs/teams worth keeping for the long hall in their Faang company.
step 1 get hired in faang step 2 edit comment in source code step 3 quit job step 4 start a youtube channel and name your self techlead ex-google ex-facebook
At least in Google, I've been here for 4+ years. I know many "rest and vesters", life is not stressful, our financial situation is still stable. Sure our comp isn't the highest. But definitely no burnout. Remote friendly too
In every work you find things you really hate :) And the longer you are in the more things you hate, so switching is actually not bad thing. Only question is when is the right time.
you should also know when they get $100,000 stock each year, the company force them to sell a portion to pay tax, so they really only get 66% or 55% of it. And then many of them sell a portion of what is remaining to diversify
@@A2Kaid you mean it is just 22% or is the "withholding" 22%, and then depending on your tax situation, it could be finally more or less than 22% federal tax?
You get one life to live. How are you going to live it? These are smart people who have become experts at selling their talent. The problem is not the price that is commanded for the talent, but what the talent is used for. How many nervous breakdowns and ulcers were endured so I can make stupid comments like this one on RUclips and be advertised to. Is it worth it?
I work at FAANG. Great video, but you forgot to mention that whenever stock vests income taxes are taken out of the vesting stock. I'm not sure if you considered that in your calculations, but you might have to revise the numbers a bit. Oh, and the food sucks dick here. Don't work here for the food.
would not want to work there for simple reason -all these soulless mega-corp world is kind of off-putting, let alone the fact that these corporations have a very weird understanding on their workers freedoms and rights, and more often than not see themselves as thought police.
I could honestly care less if the company I work for helps people... 0% this is motivating factor for people in FAANG. Number one motivator is easy money. Keeping people around comes down to being on a team you get along with and having work that isn't mind numbing. People leave jobs because they either feel underpaid, bored or annoyed by the people they have to deal with....
@@FreeMyBoyPDiddy Nah social media platforms are a plague. Facebook is only up their because they exploited people. At least the other companies offer more things than an internet addiction.
Sure I'd love a Facebook salary, but I'd rather waste my life savings on a billion-to-one crypto moonshot than submit myself to the reptiloids over at the Land of Zuck.
I think people are either burnt out or they're leveraging their salaries at these companies and others!! Also some may be tired at all the scandals these companies have gone through!!
Yeah u dont have to burnout at google or microsoft but might not get promoted. Getting that high salary sounds great until u realize that living in sf with 200k-300k doesn’t afford you the same living standard as any middle income salary from 50 years ago in America
Tbh if youre smart enough to get in faang youre smart enough to know you can leverage that position for a higher salary elsewhere and should be switching jobs every 1-2 years
@@cd5433 faang are crappy jobs though. No work life balance at all. It's like when you work in consultancies or law firms. You do your time than cash in your experience and technical nous. Those that stay back are workaholics or politically accelerated to higher management positions. The rest leave
@@cd5433 So you can put it on your resume as something meaningful. It's not seen as legitimate work experience if it isn't at least a year with a given company.
Reminds me of the guy who led the self driving car research at Google. They paid him more and more to make him stay but eventually he quit and used all that earned money to make his own company about self driving cars lol.
I work for FAANG. Pay is always higher for new hires. Staying for longer and your salary only grows by 3-5 percent without a promotion. And even with a promotion, you’re looking at 12-15%. If I jump to another FANNG after getting all of my sign on bonus stock after 4 year, I’ll get a new batch of sign on bonus. Silicon valley is hostile to people with long tenure, it’s always better to hop around.
Yeah I heard of this how external hires are better so therefore corporate loyalty is dead. I also heard it's why issues crop up and no one gives a crap because they're just gonna jump ship for another company.
If I ever got hired at FAAANG, I would just goof off as much as possible. That is, I would work just hard enough to not get fired. Because like 85% of people don't get past the first promotion (after 2-4 years) and get the axe shortly afterward. And it's not "competitive" it's SELECTIVE. That is, you can work your a$$ of and be among the best and they still won't promote you. They'll pick someone else based on identity, nebulous "needs of the company", because that person is more of a conformist (brown noser), etc. So trying to bust my butt just to preen for the employer would be senseless IMHO. I would spend all the free time to work on personal projects, contribute to open source projects to build a rep, and get certs. I would save my money and sleep at one of those nerd flop houses where they have 8 bunks to a bedroom. Anyway, I didn't work at FAANG, but at a payment processor. We handled about 13% of ALL CC PPOS txns in the US. I managed THE LARGEST Meraki deployent in existence. They hired a programmer. The guy didn't do $hit. The company had a policy that they would pay for your certs. Well he just came into work, spent all day studying for about six months. He didn't do $hit on the codebase. He took about 6 cert tests, had the company pay, and quit right after that LOL
I worked on campus tech support for one of these companies and the request workload was 10x higher than any other support job Ive had, and I didnt make more money as far as wage. I did save money because I had 3 free meals a day, but that was eaten by a 3 hours of commute time each day.
The moment your company selects employees based on greed instead of motivation for the job, you end up with gears instead of people. And gears wear off and get replaced.
Lol, as if companies are not greedy. And what do you mean by motivation for the job? At this level, everyone is motivated to work. They didn’t get there by being lazy. Maybe some are, but those ones go to Twitter.
@@TheBooban motivation as for ex they believe in the goodness of what they do, they feel a mission that goes beyond the salary and career, something that tickles profound thoughts instead of career pitches. The moment the only or principal motivation is to get money or social validation from people that value money, the kind of employees you can have are the kind that will leave your company as soon as possible for the next best offer.
more like it is nearly impossible to move up in the workplace without going somewhere else and leveraging your experience at your last job for a better position somewhere else.
I think it is market wide brother!! The younger generation won't be working in the same company for 20/30 years anymore. They are looking to the next big thing or they are looking to retire sooner rather than later. And get them stocks people!! They're a life saver!!
This video is absolutely accurate. I started a FAANG job 4 months ago. It's the most hectic job I've had so far. Given that I'm still new, I definitely value the learning rate and salary bump I got. I'm planning to stay for several years because of the stock vesting schedule, but I can't deny it's difficult to keep it up over the long run. Everyone is insanely competitive by nature. Everyone seems like a high flyer, but when I talk to my colleagues one-on-one, I find out that they're all equally stressed out and have their fair share of imposter syndrome. I think many people in FAANG are there to get the brand name in their CV, and using that to negotiate an even higher pay at a more senior position in another company.
The faangs are basically the tech version of what people do in the financial industry. If you're an accounting student you are expected to go do your 2 or 3 years at the big 4 accounting firms, get your CPA, make senior and leave for a small to mid size industry job with more benefits, better work-life balance and less stress. Same thing with the big investment banks, go work for JP Morgan, Morgan Stanley, etc jump to a small regional/community bank. They all have in common that it's nearly impossible to maintain working there as a long term career and essentially giving up 2 or 3 years of your life to do it. It usually comes with everything else, backstabbing culture, overly competitive peers, etc.
As an IT student hoping to work at minimum one of these companies in the future, this video is inspiring and off-putting. All good things are hard to come by however, so working there must still be worth it in many ways.
Eff programming at one of these "software engineering" companies. What's better if you REALLY like programming is to get a job where you aren't programming on a product that has high pressure to ship and is one of the core competencies of the company. Work somewhere where it's tangential but still needed for your role, better yet where you have potential to really increase productivity. I worked as a Network Engineer for a payment processor that was the largest Meraki deployment for years (20,000 machines). I had a LOT of time because I worked third shift and got to play around and write whatever I wanted with whatever I wanted and made a bunch of utilities and stuff for fun in Python and Erlang. Also, I also used the free time to get good and contribute to open source projects and studied to get certs. THAT is what you want. Have you ever listened to Ken Thompson and Dennis Ritchie or Brian Kernighan talk about working at Bell Labs? That's the kind of work environment you want! Something that is chill and almost like Uni/grad school. Maybe it's not for everyone. But if you have self-efficacy, it's paradise. Low pressure, high freedom, low workload. Screw chasing "glory" LOL.
FAANG is an outdated concept, many other companies have higher salaries, better perks and are more difficult to get into. FAANG companies impress people outside the industry, but are not regarded as the best by top performers in the field. In fact, in 99% of cases, the best talents end up at trading firms (citadel, HRT, Jane Street, etc) or large startups (stripe, databricks, brex, nuro etc).
I work at one of these large startups but all of us hate Brex (for travel expense comp) for how buggy it is lol. I am surpised it's considered a prestigious large startup
Yeah this general high turnover rate is gonna bite our asses. I'm a software engineer and we do a lot of integration stuff, and from time to time I have to work with an "expert" of another company which product will be integrated, and the person may be talented but has next to no idea of the inner workings of the product. you cannot grasp the entirety of a complex system and the inner workings of it in less than a year or two.
omg same! Our company is going through the same period. I also just resigned recently due to shit salary and no perks. But they gotta understand that and give a better pay. In my case it atleast requires 2 years to get comfortable around the products we are selling.
@@chizuru1999 Congrats on getting out of such a hellhole, many people just get stuck in these companies because they just think of their fellow employees which would go under without them.
I think the reason why these companies have so much money to give to their employees, is because they don’t give dividends to their shareholders. The investors just cannibalise others for profit without needing to rely on dividends. It’s interesting to know how they employees impose a form of crunch on themselves. It’s not something that’s understood all that well by people who think all employees that work long hours are treated poorly.
The reason they can pay their employees so much is because of economies of scale. A software engineer can write software once, that then continuously produces value for hundreds of millions of people at very little running cost. There are few other professions that have the same scaling to the same degree.
they aren't really paying cash either to the employees. they are basically screwing the public shareholders by giving away stock options as part of the compensation package - in some of these companies you really can't do anything about it when companies like Facebook and Google hold all the voting shares. this is why you get folks with these ridiculous salaries on the level of a C-suite employee like the video has mentioned. This kind of stuff would never be tolerated in most non-tech oriented businesses, if you are paying employees 500,000 in cash at JPM, you would have no job tomorrow.
True. If you have the skills, go for it. For the rest of us, gambling can lead to higher market comp vs what you deliver. Still, to have the skills to get in the door must be awesome.
@@starsoffyre fair point. At some point thought the extra money ain't worth the add'l headache. My salary is nowhere near FAANG levels, but I'm underpaid relative to the market...still, I like the autonomy in my current space.
Workload must be insane and people figure out that at the end of the day, you’re earning every cent. No matter how much they make, it eventually becomes not worth it.
According to my experience, working at a product based company is really bad, because you are stuck in a framework a few few frameworks developed by the company and your whole life go to develop or maintain it. You don't grow yourself with latest technologies. If it happens, it barely happens. On top of that, it's really hard to have better roles since in a product based companies those who have been in long term get that privilege. So you might come in as a top talent, but you still have to work under someone until you catch up the underlying framework and how to work on it.
@@LogicallyAnswered is there any reason they are still considered a tech company and not an entertainment company? I understand that they were the first to go big on streaming but it seems like every TV channel and media company has a streaming service these days.
If super high performance resulted in youtube being shit for the past few years, think they gotta start hiring normal people. Like what the hell are they doing with Duo and Meet? Which high paying software engineer fucked that up?
I believe this is changing now, I just spoke to a recruiter for Amazon and now the start on bonus is paid over 2 years. For RSUs, most of it is getting paid in year 3 and 4 of you working there
just did my google interview today and got mad nervous in solving the final part of the problem and time ran out......a few mins later the solution came to my mind. and i was like fuck...... lol would love to work at google still
Well it has to do with the terms of how they pay their "bonuses". About half or two-thirds of their compensation is in the form of stock bonuses that have strings attached to it. It doesn't "vest" until after you've been at the company a few years. Let's say four years. So after 3 years, 11 months and 29 days, your manager calls you into the office saying "WE NEED TO TALK". That conversation invariably ends at "security is here to escort you out of the building. We'll mail you the contents of your desk". There go your "bonuses". Perfectly legal for the company to play that came for every single person. Just assume that you'll never see any of these promised "bonuses". Like they say, a bird in the hand is worth two in the bush!
Many people working at these companies have zero desire to be business owners. Really good engineers just want to get paid to make cool shit. And many can get paid enough where the prospects of getting ultra rich aren't worth chasing. You need other strong interests to make the running a business sound enticing.
People work at these companies for the prestige of working at FAANG - I have literally never heard anyone extol the values of the companies 😁 Still, it's basically 996 without being called 996, isn't it? Still watching - and loving the insights as always 😁 Already shared!
@@LogicallyAnswered Ah Jack Ma said tech employees in China should feel blessed to work from 9 AM to 9 PM 6 days a week, so they give it a name. In the US they just do this by default. Amazing insights about how they aim to go on to found their own companies!
@@TheBooban I work in govt and I only get 8 hrs per day for 5 days a week since they don't have to give benefits to those that only qualify for part time.
As someone whose family worked in FAANG, the real reason is because you get new pffers right away just after you joined. You can quit for any incovenient because you are likely rewarded for that decision anyway by other companies with a raised in your new position.
@@LogicallyAnswered Cool. I feel like Netflix isn't a tech company rather than marketing or entertainment company. They're are struggling with subscribers, other entertainment company are creating their own online platform and didn't hear any technology achievements like Google, Microsoft, Apple or Amazon. You should make a video explaining how Netflix will beat the market or fall in this decade?
It’s easier to get a job at another FAANG company at a level higher than where you’re at than get promoted internally sometimes, so if you can hop to another company in 2 years to get a big raise or stick it out at your current company for 4 years to get a smaller raise, which is the more appealing option?
to sum up FANG 1. they focus on hiring grads at prestigious tech uni's that had internships with big corporate companies (or well world known like even PIXAR would be in the list) 2. high turnover because recruiters target ppl who are working at other fang companies when at conventions (say like developer's conference etc...) so they are rotating 3. some people only worked their internships, they end up having some drama at one fang company then apply at another - then realize oh all companies have some sort of drama 4. some go off to pursue their own dreams after getting some finances in the bank (known multiple that have done this due to well... they can feel weird when their product is literally just getting users.. feels sorta unfulfilling when your creations don't mean much but how many people use and keep using your creation is what is important...) 5. they put off some people with skills/experience because if you didn't work for said company, or worked at a high profile uni with notable internships they don't look at you so the people that would more likely stay don't make it through the screening -- happened to a friend but he could probably get a job if he applied but he is loyal when treated well
I only want to work at a FAANG company because it currently more valuable than certain certificates and master degrees for software engineers, so I can burnout myself for 2 years like if I was working and studying, then go out and have a normal satisfying career
I literally do not care what I have to do at work or how hard i have to do it, or how many hours a week. If I could get any job with a salary over 200k a year, I could support myself and my family and girlfriend. You can bet your ass I’m doing it no matter what and I’ll give it everything I have. as long as I don’t have to go in to an active war zone I’d do anything lol. Somebody please hire me :,)
Everyone says this til they hit 200k 😂 I’ve been in your shoes and I can tell you, you’re only saying this because you’re broke, once you have money your thought process changes.
Knowing myself a bunch of current and ex- faang people, this summary sounds quite accurate indeed.
I would add one more somewhat common case: some people join Faang to prove to themselves that they can, and quickly discover they do not like the "big corp" aspect of it and move rather fast (less than 2 years in) to smaller scale companies/startups.
Ah yeah, that’s true too
Silver lining is really in the B tier companies, 70-90% of FAANG compensation at 20-50% of the stress
examples?
@@simonchristian160 Microsoft is the epitome of rest and vest (except Azure)
@@Cookie82772 calling Microsoft B tier is weird though. That said, I heard rumors that IBM employees are doing well
@@prestonlui6451 especially when only Apple and Saudi Aramco are bigger by market cap.
@@Cookie82772 It's honestly more like FAAMG than FAANG. I wouldn't call MSFT B-tier
As a FAANG employee, I can confirm this is accurate. I'm at the point where I'm thinking maybe i can better allocate the 50-60 hours I work a week (let alone the time I spend thinking about my job outside of production) into my own initiatives to achieve better results. The bar is high at these companies and it can be tough to broaden your horizons whilst maintaining a high standard in your core job.
Thanks for providing an insider view Lozza
Are the developers at FAANG companies really so good? The companies' products have declined in quality over the last two decades and I have heard anecdotes about how the code is all a giant, bug riddled mess, poorly documented, not commented, etc.
@@eitkoml That's probably too broad of a statement to make. For sure there are plenty of insanely smart, talented engineers at these big tech companies. But, executives/leadership don't always create the environments that allows them to succeed. For example, the pressure to produce near-term results means devs are more likely to focus on fighting fires and churning out features ASAP rather than doing sufficient planning, architecting, documentation. This, coupled with the high turnover (causing a lot of domain-specific knowledge to leave the company) works against the codebase quality. This is of course highly-dependent on company, product, team, etc. though.
By own initiatives, what are you referring to?
@renelataupeenanglai2 Are you looking for talent to potentially begin your own start-up? Perhaps someone in the AI sector? :)
Great to hear you again brother!! Hope the week has treated you well!!
Thank you Daniel! I wish you the same!
Well given netflix situation cant say it quite fits here.....
Hahaha
Can you do a video on Activision Blizzard as well? I'd love to hear more of your thoughts about the Gaming Industry in general too.
Thanks for the suggestion Filip
Congratulations to the smart people that can get into FAANG.
I have multiple friends and family thats been at a Faang company for 5+ years and even 10+ years, i was told a few times, there's way way way more undesirable jobs/teams that have people last only like 2 years, then there is desirable jobs/teams worth keeping for the long hall in their Faang company.
step 1 get hired in faang
step 2 edit comment in source code
step 3 quit job
step 4 start a youtube channel and name your self techlead ex-google ex-facebook
The best of the best can go and do what they please as everyone one wants them
As a FAANG employee this is top notch
At least in Google, I've been here for 4+ years. I know many "rest and vesters", life is not stressful, our financial situation is still stable. Sure our comp isn't the highest. But definitely no burnout. Remote friendly too
FINALY - a sweet phrase to end the show with! Love it!
H1Bs are a massive factor in coworker competitiveness. The majority of employees "cannot" be fired or else their career may be over
Most just get married
In every work you find things you really hate :) And the longer you are in the more things you hate, so switching is actually not bad thing. Only question is when is the right time.
The RUclipsr is the logical answer to the this video.
Hahaha
you should also know when they get $100,000 stock each year, the company force them to sell a portion to pay tax, so they really only get 66% or 55% of it. And then many of them sell a portion of what is remaining to diversify
The fed tax rate for RSUs is 22% so take home is actually 78% for RSU. States taxes may be applicable too.
@@A2Kaid you mean it is just 22% or is the "withholding" 22%, and then depending on your tax situation, it could be finally more or less than 22% federal tax?
You get one life to live. How are you going to live it? These are smart people who have become experts at selling their talent. The problem is not the price that is commanded for the talent, but what the talent is used for. How many nervous breakdowns and ulcers were endured so I can make stupid comments like this one on RUclips and be advertised to. Is it worth it?
True
Great video
Thank you Cameron!
I work at FAANG. Great video, but you forgot to mention that whenever stock vests income taxes are taken out of the vesting stock. I'm not sure if you considered that in your calculations, but you might have to revise the numbers a bit.
Oh, and the food sucks dick here. Don't work here for the food.
I would quit after 5-10 after im financially set
Fair enough
Remember, this may not work with entry level positions.
Real and very true
Isn't it MAANG now ?
But where is Microsoft though?
yes
When government funding and incentives stop. Watch the salary go down
Good
would not want to work there for simple reason -all these soulless mega-corp world is kind of off-putting, let alone the fact that these corporations have a very weird understanding on their workers freedoms and rights, and more often than not see themselves as thought police.
Have you looked into the starlink and T-mobile partnership, and how it could change the way of phone bills and providers
I did hear about that, but honestly, in urban scenarios, I’m not sure how beneficial satellite would be.
I’d love to work at Google! I’ll take half pay if you’ll send me to school for programming! Lol. I like the free food, etc that these companies have.
The correct order is: Facebook, Apple, Google, Microsoft, Amazon, Netlfix
I could honestly care less if the company I work for helps people... 0% this is motivating factor for people in FAANG. Number one motivator is easy money. Keeping people around comes down to being on a team you get along with and having work that isn't mind numbing.
People leave jobs because they either feel underpaid, bored or annoyed by the people they have to deal with....
If turnover is high then there's a problem with Facebook, Apple, Google, Microsoft, Amazon, and Netflix
Not necessarily
Did you even watch the video? 😂
Well Amazon yeah but the rest are fine
@@FreeMyBoyPDiddy Nah social media platforms are a plague. Facebook is only up their because they exploited people. At least the other companies offer more things than an internet addiction.
Sure I'd love a Facebook salary, but I'd rather waste my life savings on a billion-to-one crypto moonshot than submit myself to the reptiloids over at the Land of Zuck.
I think that all these companies under their cool and fun aspect, are terrible companies to work for.
First!!
LUCKLUCKLUCKLUCKLUCKLUCKLUCKLUCKLUCKLUCKLUCKLUCK
Thanks for being early guys!
@@LogicallyAnswered np i like watching quality content early
I think people are either burnt out or they're leveraging their salaries at these companies and others!! Also some may be tired at all the scandals these companies have gone through!!
Yep basically
Burnout at google is honestly pretty hard to come by. It's mostly job hopping for higher salaries.
Yeah u dont have to burnout at google or microsoft but might not get promoted. Getting that high salary sounds great until u realize that living in sf with 200k-300k doesn’t afford you the same living standard as any middle income salary from 50 years ago in America
Tbh if youre smart enough to get in faang youre smart enough to know you can leverage that position for a higher salary elsewhere and should be switching jobs every 1-2 years
Yep exactly
Why move on every 1-2 years? Just to constantly move up in salary by getting paid higher for each job .
@@cd5433 faang are crappy jobs though. No work life balance at all. It's like when you work in consultancies or law firms. You do your time than cash in your experience and technical nous. Those that stay back are workaholics or politically accelerated to higher management positions. The rest leave
@@cd5433 So you can put it on your resume as something meaningful. It's not seen as legitimate work experience if it isn't at least a year with a given company.
Reminds me of the guy who led the self driving car research at Google. They paid him more and more to make him stay but eventually he quit and used all that earned money to make his own company about self driving cars lol.
I work for FAANG. Pay is always higher for new hires. Staying for longer and your salary only grows by 3-5 percent without a promotion. And even with a promotion, you’re looking at 12-15%. If I jump to another FANNG after getting all of my sign on bonus stock after 4 year, I’ll get a new batch of sign on bonus. Silicon valley is hostile to people with long tenure, it’s always better to hop around.
Yeah I heard of this how external hires are better so therefore corporate loyalty is dead. I also heard it's why issues crop up and no one gives a crap because they're just gonna jump ship for another company.
If I ever got hired at FAAANG, I would just goof off as much as possible. That is, I would work just hard enough to not get fired. Because like 85% of people don't get past the first promotion (after 2-4 years) and get the axe shortly afterward. And it's not "competitive" it's SELECTIVE. That is, you can work your a$$ of and be among the best and they still won't promote you. They'll pick someone else based on identity, nebulous "needs of the company", because that person is more of a conformist (brown noser), etc. So trying to bust my butt just to preen for the employer would be senseless IMHO. I would spend all the free time to work on personal projects, contribute to open source projects to build a rep, and get certs. I would save my money and sleep at one of those nerd flop houses where they have 8 bunks to a bedroom. Anyway, I didn't work at FAANG, but at a payment processor. We handled about 13% of ALL CC PPOS txns in the US. I managed THE LARGEST Meraki deployent in existence. They hired a programmer. The guy didn't do $hit. The company had a policy that they would pay for your certs. Well he just came into work, spent all day studying for about six months. He didn't do $hit on the codebase. He took about 6 cert tests, had the company pay, and quit right after that LOL
I worked on campus tech support for one of these companies and the request workload was 10x higher than any other support job Ive had, and I didnt make more money as far as wage. I did save money because I had 3 free meals a day, but that was eaten by a 3 hours of commute time each day.
The moment your company selects employees based on greed instead of motivation for the job, you end up with gears instead of people. And gears wear off and get replaced.
Lol, as if companies are not greedy. And what do you mean by motivation for the job? At this level, everyone is motivated to work. They didn’t get there by being lazy. Maybe some are, but those ones go to Twitter.
@@TheBooban motivation as for ex they believe in the goodness of what they do, they feel a mission that goes beyond the salary and career, something that tickles profound thoughts instead of career pitches. The moment the only or principal motivation is to get money or social validation from people that value money, the kind of employees you can have are the kind that will leave your company as soon as possible for the next best offer.
more like it is nearly impossible to move up in the workplace without going somewhere else and leveraging your experience at your last job for a better position somewhere else.
I think it is market wide brother!! The younger generation won't be working in the same company for 20/30 years anymore. They are looking to the next big thing or they are looking to retire sooner rather than later. And get them stocks people!! They're a life saver!!
Yeah, it looks like the mindset nowadays is different
actually true, made my entire salary in 1 week(crypto gambling), and after paying taxes Im getting ready to buy a house. Im 25. In California.
@@alephNull_ Awesome man, glad that worked out well for you. I'm trying to do the same in the stock market.
@@alephNull_ Lessgo, W for you bro!
This video is absolutely accurate.
I started a FAANG job 4 months ago. It's the most hectic job I've had so far. Given that I'm still new, I definitely value the learning rate and salary bump I got. I'm planning to stay for several years because of the stock vesting schedule, but I can't deny it's difficult to keep it up over the long run. Everyone is insanely competitive by nature. Everyone seems like a high flyer, but when I talk to my colleagues one-on-one, I find out that they're all equally stressed out and have their fair share of imposter syndrome. I think many people in FAANG are there to get the brand name in their CV, and using that to negotiate an even higher pay at a more senior position in another company.
The faangs are basically the tech version of what people do in the financial industry. If you're an accounting student you are expected to go do your 2 or 3 years at the big 4 accounting firms, get your CPA, make senior and leave for a small to mid size industry job with more benefits, better work-life balance and less stress. Same thing with the big investment banks, go work for JP Morgan, Morgan Stanley, etc jump to a small regional/community bank. They all have in common that it's nearly impossible to maintain working there as a long term career and essentially giving up 2 or 3 years of your life to do it. It usually comes with everything else, backstabbing culture, overly competitive peers, etc.
As a non-faang employee I can neither confirm nor deny any of these.
Hahaha
Most of them get more paying gigs as startup CTOs or cofounders.🤷🏾♂️
Yep
As an IT student hoping to work at minimum one of these companies in the future, this video is inspiring and off-putting. All good things are hard to come by however, so working there must still be worth it in many ways.
Good luck!
@@LogicallyAnswered Thank you, and thanks for all of your videos.
Eff programming at one of these "software engineering" companies. What's better if you REALLY like programming is to get a job where you aren't programming on a product that has high pressure to ship and is one of the core competencies of the company. Work somewhere where it's tangential but still needed for your role, better yet where you have potential to really increase productivity. I worked as a Network Engineer for a payment processor that was the largest Meraki deployment for years (20,000 machines). I had a LOT of time because I worked third shift and got to play around and write whatever I wanted with whatever I wanted and made a bunch of utilities and stuff for fun in Python and Erlang. Also, I also used the free time to get good and contribute to open source projects and studied to get certs. THAT is what you want. Have you ever listened to Ken Thompson and Dennis Ritchie or Brian Kernighan talk about working at Bell Labs? That's the kind of work environment you want! Something that is chill and almost like Uni/grad school. Maybe it's not for everyone. But if you have self-efficacy, it's paradise. Low pressure, high freedom, low workload. Screw chasing "glory" LOL.
FAANG is an outdated concept, many other companies have higher salaries, better perks and are more difficult to get into. FAANG companies impress people outside the industry, but are not regarded as the best by top performers in the field.
In fact, in 99% of cases, the best talents end up at trading firms (citadel, HRT, Jane Street, etc) or large startups (stripe, databricks, brex, nuro etc).
I work at one of these large startups but all of us hate Brex (for travel expense comp) for how buggy it is lol. I am surpised it's considered a prestigious large startup
why trading firms?
@@MattGarcyaDCbecause they pay more than FAANG. I work at one of the above firms. Can confirm.
Yeah this general high turnover rate is gonna bite our asses. I'm a software engineer and we do a lot of integration stuff, and from time to time I have to work with an "expert" of another company which product will be integrated, and the person may be talented but has next to no idea of the inner workings of the product.
you cannot grasp the entirety of a complex system and the inner workings of it in less than a year or two.
you've never heard of the 10x engineer then
@@simonchristian160 boi don't get me started. Let's throw in a "rockstar developer" for good measure
omg same! Our company is going through the same period. I also just resigned recently due to shit salary and no perks. But they gotta understand that and give a better pay.
In my case it atleast requires 2 years to get comfortable around the products we are selling.
Unfortunately, the people who know the entirety of a complex system aren't those who are paid the most.
@@chizuru1999 Congrats on getting out of such a hellhole, many people just get stuck in these companies because they just think of their fellow employees which would go under without them.
It’s the same for Goldman Sacs, and top high finance company. The stress level is super high and the demand to perform is super high.
Great to have on a resume though
I think the reason why these companies have so much money to give to their employees, is because they don’t give dividends to their shareholders. The investors just cannibalise others for profit without needing to rely on dividends.
It’s interesting to know how they employees impose a form of crunch on themselves. It’s not something that’s understood all that well by people who think all employees that work long hours are treated poorly.
The reason they can pay their employees so much is because of economies of scale. A software engineer can write software once, that then continuously produces value for hundreds of millions of people at very little running cost. There are few other professions that have the same scaling to the same degree.
they aren't really paying cash either to the employees. they are basically screwing the public shareholders by giving away stock options as part of the compensation package - in some of these companies you really can't do anything about it when companies like Facebook and Google hold all the voting shares. this is why you get folks with these ridiculous salaries on the level of a C-suite employee like the video has mentioned. This kind of stuff would never be tolerated in most non-tech oriented businesses, if you are paying employees 500,000 in cash at JPM, you would have no job tomorrow.
They also deal with insider trading too. Meaning that they are already a compromised and criminal company.... Without internal auditors...
It’s absolutely based on salary. Like Frank Niu said, people are getting smarter and are leveraging their salaries.
People who don’t switch jobs every 1-2 yrs is because they can’t. So just because it pays off for these guys, don’t think you can do it too.
Yeah, it’s def a dangerous game to play
True. If you have the skills, go for it. For the rest of us, gambling can lead to higher market comp vs what you deliver.
Still, to have the skills to get in the door must be awesome.
It's only dangerous if you quit before securing a job offer with that higher comp
@@starsoffyre fair point. At some point thought the extra money ain't worth the add'l headache. My salary is nowhere near FAANG levels, but I'm underpaid relative to the market...still, I like the autonomy in my current space.
Workload must be insane and people figure out that at the end of the day, you’re earning every cent. No matter how much they make, it eventually becomes not worth it.
According to my experience, working at a product based company is really bad, because you are stuck in a framework a few few frameworks developed by the company and your whole life go to develop or maintain it. You don't grow yourself with latest technologies. If it happens, it barely happens. On top of that, it's really hard to have better roles since in a product based companies those who have been in long term get that privilege. So you might come in as a top talent, but you still have to work under someone until you catch up the underlying framework and how to work on it.
Good point. What company is better?
You're not getting paid the average of your new level when you get promoted, so you switch to reset the clock
I just got a job at a FAANG 2 months ago, and for now, it is amazing, you are scaring me a bit hahah
Hahaha, I’m sure you’ll do just fine
can you talk about netflix and the fsct that they’re all cash, no stock?
Interesting idea
@@LogicallyAnswered is there any reason they are still considered a tech company and not an entertainment company? I understand that they were the first to go big on streaming but it seems like every TV channel and media company has a streaming service these days.
Most of them aren’t even the top paying tech companies anymore. Companies like Stripe, LinkedIn, and roblox actually pay more.
That’s true, but FAANG is still the most prestigious and ranks highly with salary and perks as well
I would expect with such insane salaries, they expect super high performance and stress and long hours.
If super high performance resulted in youtube being shit for the past few years, think they gotta start hiring normal people. Like what the hell are they doing with Duo and Meet? Which high paying software engineer fucked that up?
@@sasukeuchiha998 That's a very good question!
Another question is: These people are all millionaires, so why are they all Communists?!?!
I believe this is changing now, I just spoke to a recruiter for Amazon and now the start on bonus is paid over 2 years. For RSUs, most of it is getting paid in year 3 and 4 of you working there
It has always been like this (well, in the last few years at least anyway). We call it the year 4 cliff.
This applies to USA only and with the remote work being a reality, more and more these companies will hire outside USA.
just did my google interview today and got mad nervous in solving the final part of the problem and time ran out......a few mins later the solution came to my mind. and i was like fuck...... lol would love to work at google still
Well it has to do with the terms of how they pay their "bonuses". About half or two-thirds of their compensation is in the form of stock bonuses that have strings attached to it. It doesn't "vest" until after you've been at the company a few years. Let's say four years. So after 3 years, 11 months and 29 days, your manager calls you into the office saying "WE NEED TO TALK". That conversation invariably ends at "security is here to escort you out of the building. We'll mail you the contents of your desk". There go your "bonuses". Perfectly legal for the company to play that came for every single person. Just assume that you'll never see any of these promised "bonuses". Like they say, a bird in the hand is worth two in the bush!
These companies are NOT the best places to work. Sure you get paid well, but these companies are extremely cutthroat environments.
This whole comment section works or has worked at FAANG
Why wish for just working at a FAANG company? Why not dream about having your company that can compete with or even surpass the FAANG companies?
The odds of that are miniscule.
Many people working at these companies have zero desire to be business owners. Really good engineers just want to get paid to make cool shit. And many can get paid enough where the prospects of getting ultra rich aren't worth chasing.
You need other strong interests to make the running a business sound enticing.
I will leave my job at FAANG... once I get it. 😂
People work at these companies for the prestige of working at FAANG - I have literally never heard anyone extol the values of the companies 😁 Still, it's basically 996 without being called 996, isn't it? Still watching - and loving the insights as always 😁 Already shared!
996?
@@LogicallyAnswered Ah Jack Ma said tech employees in China should feel blessed to work from 9 AM to 9 PM 6 days a week, so they give it a name. In the US they just do this by default. Amazing insights about how they aim to go on to found their own companies!
Ahhh yeah I’ve heard about that. Didn’t know the shortened form
@@spde oh sht. I am 996! But I wouldn’t be if I was one of these guys in the video. 996 is because I have to to keep up.
@@TheBooban I work in govt and I only get 8 hrs per day for 5 days a week since they don't have to give benefits to those that only qualify for part time.
0:23 wtf why does her fingers have necrosis?
As someone whose family worked in FAANG, the real reason is because you get new pffers right away just after you joined. You can quit for any incovenient because you are likely rewarded for that decision anyway by other companies with a raised in your new position.
People go where the TC goes
They can retire after working for about 3 years. So, why bother working longer for these companies? LOL
This video gives new meaning to the term "Apple Turnover"!
Very underrated video
Do you think, Netflix will grow in this decade as well?
I don’t think it’ll be anywhere close to their performance last decade. But I do think they’ll match if not beat the market.
@@LogicallyAnswered no
@@LogicallyAnswered Cool. I feel like Netflix isn't a tech company rather than marketing or entertainment company.
They're are struggling with subscribers, other entertainment company are creating their own online platform and didn't hear any technology achievements like Google, Microsoft, Apple or Amazon.
You should make a video explaining how Netflix will beat the market or fall in this decade?
nope cause they only care about making woke programs which people don't want to see
It’s easier to get a job at another FAANG company at a level higher than where you’re at than get promoted internally sometimes, so if you can hop to another company in 2 years to get a big raise or stick it out at your current company for 4 years to get a smaller raise, which is the more appealing option?
Great to see a video from Logically Answered uploaded.
Thank you Philip, hope you enjoyed!
These videos should jut be blog posts
Those under 35 job hop. It’s a generational thing.
Did he just "financial idiot"? 😂😂
U forgot itil & co... Like... Da best company in da werld like... #facts #fightme #iknothasrite
to sum up FANG
1. they focus on hiring grads at prestigious tech uni's that had internships with big corporate companies (or well world known like even PIXAR would be in the list)
2. high turnover because recruiters target ppl who are working at other fang companies when at conventions (say like developer's conference etc...) so they are rotating
3. some people only worked their internships, they end up having some drama at one fang company then apply at another - then realize oh all companies have some sort of drama
4. some go off to pursue their own dreams after getting some finances in the bank (known multiple that have done this due to well... they can feel weird when their product is literally just getting users.. feels sorta unfulfilling when your creations don't mean much but how many people use and keep using your creation is what is important...)
5. they put off some people with skills/experience because if you didn't work for said company, or worked at a high profile uni with notable internships they don't look at you so the people that would more likely stay don't make it through the screening -- happened to a friend but he could probably get a job if he applied but he is loyal when treated well
I only want to work at a FAANG company because it currently more valuable than certain certificates and master degrees for software engineers, so I can burnout myself for 2 years like if I was working and studying, then go out and have a normal satisfying career
Cause the only reason people work there is to get it on their resume and then they move on to higher paying jobs or jobs with better work life balance
So I’ve just started my first year of collage and this video plus the comments has inspired me to work twards becoming a software engineer
People be like: Read title . . . I know exactly what I'm gonna say in the comments. - didn't even watch video
Great analysis, Harry.
Have my compliments!
Regards,
Anthony
2:46 Playing the Saddest Song on the Worlds Smallest Violin 🎻…
They get their status and use that has leverage at other companies for less stress and better pay
Nice to see a indian content creator and westerners listing you.
Is that Netflix employee at 10:33 pregnant?
What is Netflix doing there? It's about to fall
I want to work at FAANG
Screw fanng, it’s all about maama
whats that?
@@simonchristian160 I'm guessing Microsoft, Apple, Amazon, Meta and Alphabet.
I literally do not care what I have to do at work or how hard i have to do it, or how many hours a week. If I could get any job with a salary over 200k a year, I could support myself and my family and girlfriend. You can bet your ass I’m doing it no matter what and I’ll give it everything I have. as long as I don’t have to go in to an active war zone I’d do anything lol. Somebody please hire me :,)
Everyone says this til they hit 200k 😂 I’ve been in your shoes and I can tell you, you’re only saying this because you’re broke, once you have money your thought process changes.
4:14 damn you right but why u gotta be so mean about it tho
Because people need thought love now since everyone has gotten too comfortable living.
Wtf is FAANG
Facebook
Apple
Amazon
Netflix
Google
Wait, you had an actual coach from the NFL??? Tell us more!!
Hahaha, his name is Devan Walker if you wanna look him up! He wasn’t a couch at the NFL, he was a player (linebacker). He was amazing!
I got kicked out of Facebook around the same time as when TechLead also got fired from Facebook