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Salaries at FANG have been cut 50% in the past 12 months? I have to give that a massive Citations Needed.

Total comp has likely come down, not salaries.

If a significant part of your comp is in stock, then yeah, that portion of your pay is down potentially 70% or more in six months (Netflix). There’s probably some employees at FAANG that are negative on their equity.

AAPL still up 10%+ YoY. Msft not technically FANG (MAGA?) and also up YoY.

Netflix historically paid in all cash. Recently, they started letting their employees choose.

> Recently, they started letting their employees choose.

lol didn't want to be the last ones holding the bag. What a scumbag move.

paid cash on the way up, paying stock on the way down, lol

They mean total comp, which is probably true since lots of people include their stock price appreciation when they talk about their total comp.

Even so, a 50% decline over the last 12 months is impossible. Of the FAANG companies, only Netflix is down more than 50%, and Netflix is notable for compensating people in mostly cash. Someone's compensation would have to be 100% stock and even then it wouldn't be down 50%.

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