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I think this disease is pretty prevalent in tech these days. It has become untenable. I can imagine lots of folks with FU money (presumably folks with the most experience) are considering retiring out of the rat race. I'm not at G but have seriously started to calculate what my number would be (sadly, nowhere close).
It's about 5 million. You can live on part of the gains and keep rolling over the rest.
It's gonna get worse still. In fact the AI bubble is bad for programers in general. Much like the original dot com rush this one is "capital intensive", just more so.
Working for a FAANG is how they keep the competition to a minimum. Cushy job, support, free shit good pay... then indoctrinate you into that companies "way" and your gonna have a rough time doing a "start up".
Now they dont need to have all the perks, they just need to be better than "Not them" cause you aren't going to raise enough to compete in AI.
I assure you that in 2-4 years when the next interesting market segment picks up that this will all change again.
Is it as bad at Netflix or Apple? IIRC, Apple maintains more cultural stability than vacillating with the whims of investor pressures hand-wringing about "macro conditions".
Perhaps an inescapable conclusion is that megacorps were always, and always will be, too risky to work for. Us tech people should eschew megacorps and find alternative profitable products/services paths by forming many worker-owned co-ops that replace the functions of a MAANG, and organize into a confederation of loosely-coupled businesses able to compete with them with shared marketing, advertising, distribution, etc. infrastructure.
I think this disease is pretty prevalent in tech these days. It has become untenable. I can imagine lots of folks with FU money (presumably folks with the most experience) are considering retiring out of the rat race. I'm not at G but have seriously started to calculate what my number would be (sadly, nowhere close).
>> seriously started to calculate what my number would be It's about 5 million. You can live on part of the gains and keep rolling over the rest.
I do have kids and was also starting to think about college costs (or just let them pay it off).
Earlier quoted context omitted.
>> seriously started to calculate what my number would be It's about 5 million. You can live on part of the gains and keep rolling over the rest.
Haha .. that is exactly the number I was thinking of. I was mulling whether that includes the house or not. According to the definition of net-worth, of course, a house should be counted. But for the magic retirement number, it doesn't make sense to include the house (just as long as you have shelter that is paid off). I do have kids and was also starting to think about college costs (or just let them pay it off).
I was a contractor for Google from 2017 to 2019. I didn't have really any concerns about working for the company itself, they treated me pretty well, but the employee culture was oppressive. A lot of overpaid, coddled entitlement.
Why would someone want to work for such an evil company is beyond my understanding.