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In the UK/Europe yes:

https://uk.indeed.com/jobs?q=System%20Administrator&vjk=5149...

Probably not at FAANG level salaries but I doubt there are many sysadmins working for FAANG companies anymore.

DevOps btw are more expensive and infact in the UK DevOps can be higher paid that a developer. I suspect most of the DevOps working for this company are on £65k+. According to:

https://ifs.org.uk/tools_and_resources/where_do_you_fit_in

That puts those earners in the top 3% or from that website:

" In the below graph, the alternatively shaded sections represent the different decile groups. As you can see, you are in the 10th decile group.

In conclusion, Your income is so high that you lie beyond the far right hand side of the chart. "

£200k / year, in the UK? That's about 2-5 depending on experience.

A 20% reduction would result in ~£800k/yr.

They're saying that if the AWS costs decreased by 20%, they could use the now freed-up money, ie 200k, to pay sysadmins.