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At one company I worked at only one thing mattered: the yearly bonus

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Re: At one company I worked at only one thing mattered: the yearly bonus

#111
post #75

Earlier quoted context omitted.

Do people leave FAANG jobs every three months? I thought they stay there for three years to get promotions and then leave

They take three years to do the three months of junior-level work.

The ones who do 3 months of actual work get fired because their overperformance scares the boss. But less than 2 weeks of actual work and you're an underperformer. The sweet spot is probably the geometric mean of the two.

Re: At one company I worked at only one thing mattered: the yearly bonus

#112
post #59

Earlier quoted context omitted.

I believe what you are describing is called stack ranking and has fallen out of favor with tech companies. Microsoft at least used to do that (I think they don’t anymore).

Now they have stack ranking and lie about it, which is even worse.

I feel like we should stack rank corporate executives. Hold a public vote to rank them and the most despised 10% get the 'tine.

Re: At one company I worked at only one thing mattered: the yearly bonus

#113
post #8

A tech company in Bellevue Washington with a "shadowy and illusory "peer review" system" - this is Valve we're talking about, right? (fits his Twitter bio)

Bio also says 'FBI witness'.. that's just a completely meaningless random fact isn't it? 'Happened to witness some crime, interviewed by FBI', why's that in a Twitter bio?

(Unless it means 'expert witness' in court, in which case 'and the FBI were involved' is the weird bit.)

Re: At one company I worked at only one thing mattered: the yearly bonus

#114
post #97

Earlier quoted context omitted.

It’s an internal service, you don’t treat your co-workers as hostile actors.

At a large enough company you kind of have to... as this situation shows.

Reminds me of what they say about Formula 1 racing: The most important thing for a driver is to beat the other driver on their own team (there are 2 drivers per team).

And arguably this principle holds for most team members in any organization - since it’s only very few at the very top that actually get held accountable for overall team success.

Re: At one company I worked at only one thing mattered: the yearly bonus

#116
post #83
post #8

A tech company in Bellevue Washington with a "shadowy and illusory "peer review" system" - this is Valve we're talking about, right? (fits his Twitter bio)

Does Valve really have 7 figure bonuses? That's quite impressive if so. Wonder what it would take to get that -- do you have to launch/invent a new, successful microtransaction store? Can't imagine it's easy based on that twitter thread.

Wonder what it would take to get that -- do you have to launch/invent a new, successful microtransaction store?

You have to make a really cool looking hat for Team Fortress 2.

Re: At one company I worked at only one thing mattered: the yearly bonus

#117
post #16

Earlier quoted context omitted.

You say that now, but once you actually are in such a position and you realize that you could pay off your college debt plus your mortgage in 2-3 years, things might change in your mind.

That’s not a problem in California because it’s not possible to buy anything to get the mortgage in the first place.

So all houses are cash only?!

Re: At one company I worked at only one thing mattered: the yearly bonus

#118
post #45
post #38

Earlier quoted context omitted.

There's a difference between keeping a secret, and avoiding legal trouble by not specifically naming an employer.

Is Valve really going to file a lawsuit against him and argue in court whether this actually happened or not? They're not. Do they even have grounds to file a lawsuit? Likely not, American courts aren't that sympathetic to libel claims. But let's assume for a minute that what you're saying has some merit. Maybe Valve does have grounds to sue. And maybe they're interested in suing. In that case, is this lousy attempt…

> Is Valve really going to file a lawsuit against him and argue in court whether this actually happened or not?

They most likely won't, you are correct. But it just simply doesn't seem to be worth the trouble on the off-chance that they will decide to do it.

The whole thing is just a situation where you risk a lot (even if the chance of that risk materializing is very small), but you aren't really gaining anything by taking the risk. What's the point of taking the risk of naming the company, if you can tell the entire story just as fine without naming them and reducing the risk to zero?

Re: At one company I worked at only one thing mattered: the yearly bonus

#119
post #40
post #35

The only bonus I have ever received which didn’t make me feel scummy was profit-sharing. Most companies don’t do it because profit is for the owners. Everything else just feels like a way to decide whether or not to pay me what I’m worth after I’ve already done the work

How is that different? Somehow we have to measure what your individual contribution to the company's profits was, which, unless you work in sales maybe, is going to involve a lot of judgment.

In my case it was tied to how many shares or options you held.

Re: At one company I worked at only one thing mattered: the yearly bonus

#120
post #76
post #67

Earlier quoted context omitted.

The fast-paced "fail upwards" where you get a new job at a new FAANG every few months while leaving a trail of destruction in your wake astounds me, and I don't understand how it works and how companies keep falling for it. There are a lot of excellent ex-FAANG programmers I've worked with, and a lot of terrible ones, and my experience is that usually the ones with the most prestigious titles show up, do 3 months of…

This is entirely the fault of the FAANG hiring methods of which most managers at these companies are very proud because they provide such excellent “signal”. But the upside is that it’s a competitive advantage for startups that intentionally build different hiring pipelines.

> This is entirely the fault of the FAANG hiring methods

I would say it is more of a fault of compensation structures.

Why would one stay for 3 years and get very meh comp increases every year, when they can switch to another company and instantly get a 30-40%+ increase (up to a point). It is also somewhat disheartening to see new hires get paid significantly more than you are for the same level.

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