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Ask HN: How to Exit FAANG?

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41–50 of 97 posts

Re: Ask HN: How to Exit FAANG?

#41
It's easy, but before you leave, remember: there are very few things in life that matter less than adtech. You will find no shortage of stress and pressure in any field, including ones that pay much less.

First, make sure you don't have too many personal belongings in the office. There's always a chance they'll walk you out of the building on the spot.

Second, tell your manager that you think it's time for a change in your life, and you plan to move on from the company. Your manager probably has an "unregretted attrition" target, so they're unlikely to object to a 2-week notice period if they aren't spiteful.

You will take a big salary hit - make your peace with not owning a downtown penthouse by age 40 - but you probably have enough of a cushion to spend 6-12 months taking stock of your life and goals.

It's not so bad.

Re: Ask HN: How to Exit FAANG?

#42
I would say just do it. Towards the start of covid I looked at my employee stock awards program for the first time in a decade and realized I was pretty rich, so I quit. Now I spend my time with my wife and children and I work on the random projects that interest me. It's very low stakes programming, a few hundred stars on github, a bug opened by a random person every few months, and I run a couple websites that see hundreds of visitors a month. Getting into creating TikTok videos as well. I enjoy it.

I don't understand how it's hard to give up the FAANG compensation. Do you want money for the sake of having more money? Personally, I want money to enable me to do things that I want to do in life, which are the things I listed above. Once I had enough I stopped trying to get more.

Re: Ask HN: How to Exit FAANG?

#43
>What I feel like I'd really rather do is quit and join a team working on something low stakes. Somewhere where I can put the minimum effort and still impress.

Can you please redo sky.google.com? I want it to have the features of Stellarium Web, with JWST photos, and also include "See a satellite" features.

james.darpinian.com/satellites

This would impress everyone. Good luck on your decision!

Re: Ask HN: How to Exit FAANG?

#44
> I have absolutely no interest in leading a team, but senior members in my org keep trying to groom me into a TL. I like being an IC and building what I'm told to build; I have no idea how to decide what it is we should be building and don't want to deal with customer demands.

Have you considered telling this to these "senior members"? I.e "I want to remain an IC. I don't want to be a TL".

Re: Ask HN: How to Exit FAANG?

#45
post #32

Where do you live now? If I had to do this I'd do the following: - Move to 2nd tier, lower cost of living city. My hidden gem: Chicago. Public transit, plenty of housing, culture, arts, #1 food city in the US, international airport with flights everywhere, half the housing cost and 3/4th other expenses as NYC and SF. 2nd option is Philadelphia for the same reasons and proximity to NYC for the weekend trips or to go i…

That sounds appealing... apart from the weather in those cities. Would anyone care to recommend similar but warmer?

Re: Ask HN: How to Exit FAANG?

#46

What is it — specifically - you like about the high comp? Is it a sense of feeling personal security, proof of being valued, the desire to be able to buy expensive things on a whim? It may be easier to give up the money if you really identify what it is doing for you and ask yourself if a) you still need it and if so b) if there is a different way you can meet that need.

Not OP but have had some analogous thoughts. Compared to the state institutions and startups I worked at before, FAANG-scale comp and perks literally changed my life, having grown up rather poor. I can afford to save for retirement while also attending to my health, I can afford a personal trainer to help me stay on track in my goals, I can afford a cleaner to keep my personal space tidy when I struggled for years to do so on my own, I have multiple food options every day which are healthy and “free”, I can afford bodywork when joint pain gets too much, I can attend arts and music events without considering the cost, and I can send money to family and friends when they’re struggling (among many other benefits!). I also splurge on a lot of dumb stuff but even reducing that spending I’d struggle to maintain the “important” parts of my current standard of living at a non-megacorp.

That said, I view money now as a way to buy my own disability accommodations. Not everyone has that need.

Re: Ask HN: How to Exit FAANG?

#47

"Somewhere where I can put the minimum effort and still impress" Get a Corporate job in a big old school industry/traditional company (e.g manufacturing) where you are just a number. Trick is to find a team where work is minimal. FAANG and startups are out 2nd best bet is to find a Mid sized small business where they don't have much IT but just about enough where you could become a key IC doing 9-5 with minimal press…

This is great advice. Check out the insurance industry.

- Notorious for it's slow-moving timelines and bog-standard technology needs. Tech is usually "behind the curve", but that's okay! You don't need to be an expert in the latest frameworks here.

- Usually the tech is built around a few core business apps, knowing the gotchas and quirks of these is half the job.

- WLB is great, the industry is full of professionals who "just want to get the job done".

- Great job security. Many types of insurance products are legally required by the government and the industry is fairly recession resilient. Mass layoffs are pretty rare.

- You won't get FAANG level comp, but the major carriers can have competitive pay at upper levels.

- The industry is close knit and domain knowledge is easily transferable. You can find a new job pretty quickly in my experience, often by leveraging your network rather than cold-applyling.

People say it's boring, but I actually find the industry quite dynamic and fun. There are so many types of insurance, it's such an essential and pro-social financial product (risk hedging feels a lot more ethical than lending imo).

Re: Ask HN: How to Exit FAANG?

#49
post #26
post #17

Earlier quoted context omitted.

Is that on the assumption that you will eventually move to the low COL area as described above?

No, but it does assume you already save a large portion of your paycheque. Suppose you make $400k as a senior SWE at FAANG, or maybe $250k after taxes. Now you move to a lower CoL area and make 30% less - so $280k (for argument's sake suppose taxes are the same, so you take home $175k). Now supposing your CoL is halved, your CoL needs to have been $150k+ for this to be worth it. Since you lose $75k in pay, and need t…

This is true.

However, one important factor is owning a home. Housing in the Bay Area is really expensive, and substandard. Therefore, you are paying out the nose for a substandard product, and will likely never own a place, even with FAANG comp. Contrast this with most other places, where you could own a (much nicer, larger, recently built) place for the same or slightly larger expense. The high house prices also cost pretty much the same or more in property taxes, even compared to low COL areas that typically have higher property tax rates.

This one is difficult to price, because you are raising your living standard by raising your housing standard for almost the same or substantially lower housing expense (it's even better if you rent and save up even more to buy a lower-priced home in the LCOL area).

Re: Ask HN: How to Exit FAANG?

#50
post #32

Where do you live now? If I had to do this I'd do the following: - Move to 2nd tier, lower cost of living city. My hidden gem: Chicago. Public transit, plenty of housing, culture, arts, #1 food city in the US, international airport with flights everywhere, half the housing cost and 3/4th other expenses as NYC and SF. 2nd option is Philadelphia for the same reasons and proximity to NYC for the weekend trips or to go i…

Weather and Crime are the biggest cons. That being said the city and transportation is really well planned compared to other major US cities. I don't think this solves OPs issues. OP wants to remain at an L4/L5 position and not do the TeamLead responsibilities but make similar pay. I think this is still possible in few niches of companies which grow slowly or research divisions. Bloomberg, Salesforce (pre 2023, its completely Uturned now) come to mind.
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