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0 pointsloeg2y ago0 comments

Well, it's an immediate stumbling block to hiring anyone currently making more than that, such as senior engineers in the US.

0 comments

jatins2y ago

That's just base salary. For Staff+ engineers making 600-700k at BigTech, it is probably still a block.

But for senior engineers at these companies, 200k is pretty competitive with the base salaries offered at those places

loegOP2y ago

I don't understand why you would compare total compensation at Oxide with base salary at other employers? Total compensation is the relevant figure across the board, and senior (as in, experienced, not some specific levels.fyi tier) engineers often make significantly more than $201,000.

jatins2y ago

> That's just base salary

I meant 200k is just base salary at Oxide. It does not include equity

loegOP2y ago

Oxide equity, like for all private companies, isn't worth anything until and if they go public; it has no cash value. For total compensation purposes, it's $0.

1 more reply

YorickPeterse2y ago

That is only a problem if you insist on hiring people from such expensive areas. Given Oxide hires remotely, I doubt this is an actual problem for them.

mtlynch2y ago

According to their LinkedIn[0], 28 of their 52 listed employees live in SF Bay Area, so their salaries wouldn't be that high for that area.

[0] https://www.linkedin.com/company/oxidecomputer/people/

paxys2y ago

No company wants to hire in expensive areas, but that's just where engineering talent is concentrated.

YorickPeterse2y ago

Ah yes, because good engineers can only be found in San Francisco and similarly expensive areas.

macintux2y ago

Hence the word "concentrated". Your snark seems misdirected.

I live in flyover country, and there are no shortage of talented people here, but I wouldn't dispute that the per-capita software developer talent in SF is going to be higher.

clpmsf2y ago

I think it's mostly societal perception. For whatever reasons, a lot of people seem to think of professionals in SF and NYC as smarter or more capable than professionals from Boise or Salt Lake City. Just like a lot of people assume those who got into Harvard or Stanford as 18yr olds are smarter or more capable than those with degrees from the large public universities.

nosequel2y ago

user: sunshowers has been replying in this thread and mentioned going from FAANG-> Oxide and taking what seemed like about a 60% paycut.

Yes it is somewhat of a stumbling block, but I'm betting they are getting extremely high quality employees who are doing it for the passion and not just for the money.

j / k navigate · click thread line to collapse

0 comments

jatins2y ago

That's just base salary. For Staff+ engineers making 600-700k at BigTech, it is probably still a block.

But for senior engineers at these companies, 200k is pretty competitive with the base salaries offered at those places

loegOP2y ago

jatins2y ago

> That's just base salary

I meant 200k is just base salary at Oxide. It does not include equity

loegOP2y ago

Oxide equity, like for all private companies, isn't worth anything until and if they go public; it has no cash value. For total compensation purposes, it's $0.

1 more reply

YorickPeterse2y ago

That is only a problem if you insist on hiring people from such expensive areas. Given Oxide hires remotely, I doubt this is an actual problem for them.

mtlynch2y ago

According to their LinkedIn[0], 28 of their 52 listed employees live in SF Bay Area, so their salaries wouldn't be that high for that area.

[0] https://www.linkedin.com/company/oxidecomputer/people/

paxys2y ago

No company wants to hire in expensive areas, but that's just where engineering talent is concentrated.

YorickPeterse2y ago

Ah yes, because good engineers can only be found in San Francisco and similarly expensive areas.

macintux2y ago

Hence the word "concentrated". Your snark seems misdirected.

I live in flyover country, and there are no shortage of talented people here, but I wouldn't dispute that the per-capita software developer talent in SF is going to be higher.

clpmsf2y ago

nosequel2y ago

user: sunshowers has been replying in this thread and mentioned going from FAANG-> Oxide and taking what seemed like about a 60% paycut.

Yes it is somewhat of a stumbling block, but I'm betting they are getting extremely high quality employees who are doing it for the passion and not just for the money.

j / k navigate · click thread line to collapse