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The (Overdue) Collapse Of Big Tech Salaries | Logically Answered


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The (Overdue) Collapse Of Big Tech Salaries
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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.

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Timestamps:
0:00Big Tech Salaries
1:56Predatory Vesting
5:07Front Loaded Vesting
8:40A Salary Collapse

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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.
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Disclaimer: This podcast is an independently created audio adaptation of content originally published by Logically Answered. This is a fan made podcast that appreciates the channel’s insightful approach to knowledge and aims to make it accessible to those who prefer listening over watching. This podcast is not affiliated with, endorsed by, or officially connected to Logically Answered in any way. All rights to the original content belong to Logically Answered. If you have any concerns, please reach out.

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