It must be really weird both for the FAANGs themselves and their employees - if laid off there’s only a handful of other companies one can go to to get similar total comp, and worse,
many of them aren’t hiring right now
So getting laid off from a FAANG is like twice as bad as getting laid off from <other tech company>
> So getting laid off from a FAANG is like twice as bad as getting laid off from <other tech company>
Except you've had however long collecting an outrageous salary and stock that dwarfs 95% of people working in tech, much less other industries.
Yeah, it sucks for the people who are laid off, and I don't wish them ill or anything, but it's hard to have too much sympathy if they were financially irresponsible with their enormous compensation. I don't have a whole lot of sympathy for lottery winners who lose it all in 1-2 years, either.
Except a lot of the people laid off from FAANGs are not developers and therefore weren't "collecting an outrageous salary". Maybe try being a bit considerate towards them?
People who weren't making developer compensation at a FAANG were not laid off from a limited option.
While it always sucks to get laid off, IMO it is better not to work for them if you aren't a developer. They basically try every trick to outsource or reduce lower paid roles (which means over working you) to not get penalized for widely varying pension benefits, etc.
I'm specifically referring to the "problem" of developers who were getting paid $500-750k+ who may have to settle for a mere $200k working at a non-FAANG company.
For non-development roles, getting laid off sucks, there's no way around that. but they can hopefully find a comparable salary at a different company.
So getting laid off from a FAANG is like twice as bad as getting laid off from <other tech company>