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karlmdavis
That… is not my understanding of the word “salary”; this article is conflating it with total compensation. Rather confusing.
jasonlotito
"2022 is the year where Tech Compensation drops for the first time in decades."
First line of the actual article.
Subheader: "2022 is bringing us one of the largest declines in tech compensation in decades"
Not sure how you are confused. Yes, Salary was used in headline, but the article made it very clear it was instead referring to compensation as a whole, and how this was affecting, basically, your take home.
So, not sure where the article (which is pedantically separate from the headline) is confusing about this.
Meta: It's annoying to see comments discuss the typos, the precise definition of things, and the otherwise useless pedantic-isms in HN articles. This isn't a recent occurrence, and I'm sure I've been a part of the problem in the past, but these comments are usually worthless at best, if not harmful in that it detracts from a more useful and constructive discussion.
In the race to be "clever" and "technically correct", it's actually lazy and pointless. I wish there was a way to simply filter out this drivel.
In many ways I dislike even having to type this meta commentary, but I feel it needs to be said. Apologies for the disruption.
pliny
The difference is between something obvious and uninteresting (equity comp goes down when the value of the equity goes down) and something interesting and untrue (tech salaries are crashing). I get that post writer needs a hook in case they have something interesting to say about the equity comp situation (having read the article I don't think this is the case), but lying in the title to trick people into reading your article is still bad.
jasonlotito
Then you flag it.
Commenting about it promotes it.
Comments like the one I replied to are worthless at best, and more harmful than any title.
geerlingguy
99% of us just read the headline on HN and jump to the comments to leave a hot take ;)
mooreds
Focuses on stock grants from the big tech cos. Interesting, but more interesting to me is if salaries will drop across the board, which I feel will have a bigger impact on more people.
True title should be "The Great Tech RSU Compensation Crash". :)
nottorp
So... if you work for a public company that gives significant stock options, your total income has gone down.
Otherwise nothing changed.
How much rep do I need to downvote submissions again?
tenpies
> Otherwise nothing changed.
The beauty of inflation is that you can say this and even believe it, but your salary is down anywhere from 9% to 20% depending on how much you want to trust some of the most massaged CPI numbers ever put out by a government.
nottorp
I know, but it has nothing to do with the clickbait post that isn't about inflation.
mikestew
How much rep do I need to downvote submissions again?
Enough that people think you're @dang. All you can do is flag a submission, which is what I did. I rarely flag stuff that makes it to the front page, but this is such egregious bait-and-switch clickbait I made an exception.
nottorp
Editing it to say 'If you work for a FAANG your total compensation just crashed' would make it honest. Guess the admins can do that, I've never looked much into the internal workings of HN.
twh270
Article seems to be clickbait and, worse, after scrolling partway a popup appears demanding an email address and prevents you from reading the rest of the article.
I have no patience for that kind of bullshit.
mcherm
> after scrolling partway a popup appears demanding an email address and prevents you from reading the rest of the article.
Curious. I did not have that experience. I was able to read the full article normally.
twh270
Interestingly, I just went back and did not have that same experience. Seems that something changed.
mgdev
You are able to close the popup by clicking in the shadow area of the shadowbox.
jasonlotito
And yet, instead of just flagging it and moving on, you decide to harmful comment as it helps to promote something you consider to be BS.
Good job.
cudgy
Oh no! Stock options and other stock-based compensation for less than 1% of tech workers is suffering from the easily predictable end of the longest stock bull market in history.
Now that these shares are hammered and more fairly priced, wouldn’t these few, rare, lucky FAANG workers be better off since the share prices are less likely to fall as far now?
lordnacho
Some people are going to buy the "you'll get shares at a better price at the next refresh", at least for a year or two. TBF, if that happens and prices go back you should be very happy.
Question is whether it's going to be a multi-year collapse with the shares under water for ages and ages.
mgdev
Facebook only granted stock yearly, even when their performance review process happened every six months. So that "squeeze effect" doesn't mean much, IMO.
system16
I think a replacement acronym for FAANG may be in order if Netflix continues its downward trajectory because simply removing it from the current one won't work.
egwynn
I always roll my eyes a little bit when people use the "FAANG" acronym because Netflix never really seemed like a good fit and it leaves out Microsoft which seems like a better fit. Nevermind that "Facebook" is actually "Meta" now and "Google" is actually "Alphabet" now. See also https://en.wikipedia.org/wiki/Big_Tech#FANG,_FAANG,_and_MAMA...
viknesh
Another interesting factor (obviously not specific to tech) is inflation. This means that real wages probably declined by closer to 20-25% once accounting for that.
TrackerFF
A year ago or so I heard about tech workers taking out margin loans (for home purchase) against their RSUs and similar. Wondering how that's going right now.
sys_64738
Isn't stock options meant to be under total compensation. Salary to me is the $$$ in my pocket that I get paid for showing up tomorrow, every two weeks.
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Tech = FAANG, Salary = Stock valuation
holy clickbait, Batman.