I had a Netflix offer this year I declined (yes, people decline Netflix now and ... (2024)

claydavisss on Oct 27, 2018 | parent | context | favorite | on: Working at Netflix Sounds Like Hell

I had a Netflix offer this year I declined (yes, people decline Netflix now and then)

The salary was eye-popping...$400k. That's just to be a senior developer. There were RSUs on top of this so total comp was probably $500k. That's crazy!

I knew if I joined I would be terminated but that didn't bother me...the salary was crazy and apparently the goodbye package is also generous. I suppose it's sort of nuts to know you will be fired from day one though.

In fairness they make sure you understand what you are getting in to. My future manager even phoned me on a Saturday to make sure I understood. So I have respect for them

When the next recession hits, working in tech will get worse and even the monster salaries will go away. Almost no one here has had to experience a real drop in demand for developers

I had a Netflix offer this year I declined (yes, people decline Netflix now and ... (2)

strangerlands on Oct 27, 2018 | next [–]

There are no RSUs at Netflix, just for everyone 5% each year of annual salary in free stock options at 40% of current value, vesting every month. You can also use up to 100% of your salary for buying stock options at 40% of current value. The policy made rich many people who invested heavily in the stock options program years back.

The severance package is 4 months of salary.

I doubt you got an offer from there, because it is all very clear, or you did not pay any attention.

I had a Netflix offer this year I declined (yes, people decline Netflix now and ... (3)

claydavisss on Oct 27, 2018 | parent | next [–]

Dude I don't even know how the stocks work at my current employer. Can't force you to believe I got an offer there and I'm not forwarding you my offer letter...so choose to believe me or not.

I had a Netflix offer this year I declined (yes, people decline Netflix now and ... (4)

strangerlands on Oct 28, 2018 | root | parent | next [–]

Putting aside the very rude "dude", it is not a matter of how RSUs work or do not work, more simply they never talk about RSUs because they do not give RSUs.As I said, you never got an offer or you did not pay any attention. It is fine either way, of course. No need for any letter.

I had a Netflix offer this year I declined (yes, people decline Netflix now and ... (5)

smrtinsert on Oct 27, 2018 | parent | prev | next [–]

Rsu vs vesting options, really not that different.

I had a Netflix offer this year I declined (yes, people decline Netflix now and ... (6)

strangerlands on Oct 27, 2018 | root | parent | next [–]

Not even remotely similar. RSU for a public company given at $100 per share can be sold at $100 per share (or more or less depending on the value of the share when it is sold). For public companies, that is basically cash. If you buy an option at 40% of current $100 value means you pay now $40 dollars for the option of buying the share at $100 in the future (Netflix has a 10 years horizon). That means that you start making money ($1, pre-tax!) when the stock reaches $141. If it does not happen, you have lost your $40.

I had a Netflix offer this year I declined (yes, people decline Netflix now and ... (7)

startupdiscuss on Oct 27, 2018 | prev | next [–]

Questions:

1. How did you know you would be terminated?

2. How long do you estimate you would have lasted before this expected termination?

3. If the expected termination did not bother you, why did you refuse the job?

I had a Netflix offer this year I declined (yes, people decline Netflix now and ... (8)

claydavisss on Oct 27, 2018 | parent | next [–]

1. I just know I couldn't keep up the sprint...I am older with a family.

2. Hopefully long enough to get a good severance package

3. Had another competing offer that had some useful benefits and seemed like a better fit for my skills

I had a Netflix offer this year I declined (yes, people decline Netflix now and ... (9)

akras14 on Oct 27, 2018 | prev [–]

400k??? This seems insanely high. Are you one of a kind specialist of sort? I find it hard to believe that regular engineer, even in the prime of his career can expect such high salary.

I had a Netflix offer this year I declined (yes, people decline Netflix now and ... (10)

anothergoogler on Oct 27, 2018 | parent | next [–]

Their location is brutal and basically transit-inaccessible. You'd have to pay me seven figures to live near Los Gatos or do the crazy commute from some place interesting.

I had a Netflix offer this year I declined (yes, people decline Netflix now and ... (11)

strangerlands on Oct 27, 2018 | parent | prev [–]

It is very common at Netflix.

I had a Netflix offer this year I declined (yes, people decline Netflix now and ... (12)

akras14 on Oct 27, 2018 | root | parent [–]

That’s more than double average salary. Seems like worth going for it, even knowing that they will fire you eventually. Hold on for 6 months, make a yearly salary, take 6 months off :)

I had a Netflix offer this year I declined (yes, people decline Netflix now and ... (13)

strangerlands on Oct 27, 2018 | root | parent [–]

Most of the time they do not hire average people – in the sense that they are not considered average, then some of them are actually pretty bad, but it is part of the business of false positives.

I had a Netflix offer this year I declined (yes, people decline Netflix now and ... (14)

hatred on Oct 27, 2018 | root | parent [–]

hmm, from what I have seen, $400k is usually their de-facto salary that gets junior folks (L4/E4) from F/G to make their top of market and move to NFLX. Beyond that, do you know how the comp progression is?

I had a Netflix offer this year I declined (yes, people decline Netflix now and ... (15)