this post was submitted on 30 Sep 2024
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FAANG looks good on the resume so people go there with intention to eventually leave for another company willing to pay for FAANG experience. unless you work in a very focused team (e. g Occulus) youre better off jumping companies for higher pay.
if you go to tech career fairs, especially in the silicon valley, the biggest example of this is working for Cisco. they have huge turnover and youre only going to work there to have Cisco on your resume because of how ubiquitous they are at networking for companies.
It’s pretty hard to beat FAANG pay though. Probably there are other factors involved as well. Like maybe they can command 90% of the pay but have 2x better work-life balance or something. But people do stay at these companies for long periods. I’m sure some are there to stamp their passport but not all.
theres definitely people in there for the long haul, but most people are just job hoppers jumping onto companies paying more till they land into one with the perfect work/life balance for their preferences. Part of the reason why unionization int he programming sector is hard, because most of the people already willingly leave jobs for higher paying ones.