Today were doing a Reaction Video in attempts to shed light on the hiring practices, compensation packages, economics at play, and motives behind these big tech companies!
Link to Original Video • The (Overdue) Collapse... by Logically Answered!
Description of Origin video :
"Big tech is known for paying some of the highest salaries in the world, often throwing around hundreds of thousands if not millions of dollars like it’s nothing. With years of seemingly infinite growth and massive profit margins, this was rather sustainable. However, as big tech reaches maturity and starts focusing on maximizing efficiencies and margins, they’re naturally turning to cutting salaries. These salary cuts are much more slyer than you might think though. They don’t just offer new hires lower upfront figures. Rather, they employ sneaky frontloaded vesting schedules to make their offers seem much more appealing than they really are. This way, they can quote the same hiring salary to new hires but these individuals will actually end up earning as much 25 to 50% less over the next 4 years. This video explains the sneaky ways that big tech is cutting comp and the overdue collapse of big tech salaries. "
27 сен 2024
