Why Big Tech Salaries are Collapsing

Big tech - aka - companies like Google, Facebook or Netflix, used to be the pinnacle of employment

With insane benefits like unlimited paid leave, state of the art offices with gourmet chefs, a relaxed work culture, and of course, eye-watering salaries, it was no wonder that everyone wanted to work for one of these companies.

And on top of the salaries, the stock compensation of big tech engineers that has been coupled with skyrocketing stock prices of these companies has led to the rise of multi-millionaire engineers within the tech industry.

It all seemed way too good to be true, and of course, eventually, it was...

CHAPTERS:
0:00 The Truth about Big Tech
1:00 Be the First to Learn About Tech Trends
2:04 PART 1: The Sneaky Way Big Tech Compensation Has Collapsed
6:19 PART 2: Big Salary Cuts
7:49 PART 3: Why This Has Happened
9:23 PART 4: What This Means: Is Big Tech Still Worth It?

[ronaldomaia]

I just recommended, never work for Amazon AWS. You will regret it

[SlowPersuit]

With all due respect, that is not how a Stock Option works.
With an SO you are given the Option to purchase stock, at a given level (usually its current value when the option is issued) in the future.
So say you are given an SO in 2024 with a purchase price of $250. It matures (becomes available) in say 2029. If the stock is worth $500 per share at this point in the future, bingo, buy the shares & sell them to double your money. If the shares are worth say $200, walk away.
This is why its an "Option".

[filiplovgren]

What would you say the future looks like for system engineers?

[nhfgsew]

Any idea of making system design course?, want to take