News Despite $2M salaries, Meta can't keep AI staff — talent flocks to rivals like OpenAI and Anthropic

[Admin]

Employment in AI companies is growing, with Anthropic quickly becoming one of the most popular startups to go to.

Despite $2M salaries, Meta can't keep AI staff — talent flocks to rivals like OpenAI and Anthropic : Read more

 

[watzupken]

I mean if someone is paid 2 million for 2 years, won’t they be rich enough to move to a company that offers more flexibility? Paying more sounds like a great way to retain talent, but when money is no more their concern, people will look for better working environment, etc.

 

[kealii123]

BRB going to go back and re-take Linear Algebra

 

[ingtar33]

this is the gold rush phase. this will come to a crashing halt when AI can program itself.

 

[Nolandc]

I mean if someone is paid 2 million for 2 years, won’t they be rich enough to move to a company that offers more flexibility? Paying more sounds like a great way to retain talent, but when money is no more their concern, people will look for better working environment, etc.

With 2 mill I'm retiring. No rat race for me. But I think thats $2M total for all AI employees. So if it's 20 employees that's only 100k each...

 

[palladin9479]

With 2 mill I'm retiring. No rat race for me. But I think thats $2M total for all AI employees. So if it's 20 employees that's only 100k each...

Nah it's TCO for senior positions. It's insane and not sustainable. Right now the companies are trying to deny each other talent as a way to sabotage rival products. Each is hoping to be the first that successfully monetize AI.

Then the crash will happen as all the losers cut entire AI divisions.

 

[kealii123]

With 2 mill I'm retiring. No rat race for me. But I think thats $2M total for all AI employees. So if it's 20 employees that's only 100k each...

The IRS takes half- you aren't retiring on that after one or two years.

 

[JamesJones44]

I mean if someone is paid 2 million for 2 years, won’t they be rich enough to move to a company that offers more flexibility? Paying more sounds like a great way to retain talent, but when money is no more their concern, people will look for better working environment, etc.

In the SF Bay Area/Silicon Vally that might be enough to buy a house after the tax persons takes their about 58% cut (37% Fed, 12% CA, 6.7% SS, 1.45% medicare (plus the medicare 0.9% surcharge for compensation over 250k))

 

[fiyz]

I mean if someone is paid 2 million for 2 years, won’t they be rich enough to move to a company that offers more flexibility? Paying more sounds like a great way to retain talent, but when money is no more their concern, people will look for better working environment, etc.

Now imagine how bad the workplace culture has to be, for people to decide that it isn't worth it.

 

[Amdlova]

this is the gold rush phase. this will come to a crashing halt when AI can program itself.

yeah yeah and it will be called SKYNET

 

[halfcharlie]

The IRS takes half- you aren't retiring on that after one or two years.

Yes you are, very easily in fact. 20x my income means I could live for 20 years on it, that's just basic math.

Sounds like a great deal, work for 2 years, retire and live in luxury the rest of your life on interest/dividends/etc and possible hustle/personal hobbies just doing what you enjoy. In fact there's just no way I'd stick around, it's understandable for the people whose work is their lives of course, but that's not me.

 

[palladin9479]

Yes you are, very easily in fact. 20x my income means I could live for 20 years on it, that's just basic math.

Sounds like a great deal, work for 2 years, retire and live in luxury the rest of your life on interest/dividends/etc and possible hustle/personal hobbies just doing what you enjoy. In fact there's just no way I'd stick around, it's understandable for the people whose work is their lives of course, but that's not me.

It depends on location. They aren't paying someone in India 2 million year pretax. It's either going to be in west coast or around NOVA, both are crazy expensive. Now if you make that, then deduct taxes and living expenses, you can get a big enough passive income stash to retire IF you then leave and head to cheaper areas. Leave the USA and head to South America, Asia or East Europe and you are set.

 

[autobahn]

Unlikely it's a $2M W2 annual salary like most folk are used to. It's more likely a very nice 6 figure salary and lots of equity that vests over 4 years so they walk away from a lot of money when they can't work the grind anymore (or retire or die as we all do). When you walk away from valuable big tech senior positions after a few years you are almost always walking away from a 7 figure carrot to incent you to stay (or not retire) and try to grind out 1 more year to take another bite of that carrot.

 

[Axecap]

Unlikely it's a $2M W2 annual salary like most folk are used to. It's more likely a very nice 6 figure salary and lots of equity that vests over 4 years so they walk away from a lot of money when they can't work the grind anymore (or retire or die as we all do). When you walk away from valuable big tech senior positions after a few years you are almost always walking away from a 7 figure carrot to incent you to stay (or not retire) and try to grind out 1 more year to take another bite of that carrot.

Look, someone that actually understands how compensations works here.

 

[Nolandc]

The IRS takes half- you aren't retiring on that after one or two years.

Mate that's like 3k intrest a month at 3%...

 

[kealii123]

Ok, ok, I will sacrifice. I'll take the hit so other don't have to.

I'll take the $2 mil salary that the IRS gets half of, but over a vested period. Life is hard, but the trick is to accept it.

 

[Axecap]

Ok, ok, I will sacrifice. I'll take the hit so other don't have to.

I'll take the $2 mil salary that the IRS gets half of, but over a vested period. Life is hard, but the trick is to accept it.

It's not salary.

 

[kealii123]

It's not salary.

But it is a joke