> being slotted into the "bottom 10%" during the bi-annual performance review (which means you get fired)
Jeez - that is awful. Since you're anonymous, will you say which FANG this was? I don't always hear great things about FANGs but sacking the bottom 10% of employees every 6 months does raise some eyebrows.
The only FANG that doesn't do this is Google (annual review only, no Stack Ranking, Needs Improvement rating is only for 1-4% of the company). Also, Google is the only one without an "up or out" policy limiting your maximum time between promotions to four years (i.e. you get canned for not meeting your expectations for career growth). This forced attrition policy is why FANG companies are always rapidly hiring (even during COVID-19), have tons of open positions, and the average tenure for software engineers is only 2.5 years. The mentality is that these companies hire the best of the best, pay the best, and as a result, expect your very best performance in return.
Okay that's shitty. I've only ever worked Google (outside of retail + occasional side work) so I completely lack perspective on the wider tech industry. Generally I get the feeling I can balance work life pretty well here, though maybe at cost to career since there's always going to be people who don't, but I don't feel immediate pressure beyond that.
Smaller companies generally can't "pretend to be FANG" because the very best people don't want to work there, they want to work at FANG where they can get paid 90th percentile compensation (you already know this; check levels.fyi -- it's pretty staggering how high senior engineers get paid in all-cash liquid total compensation at these companies). If you are a top software engineer, why would you sacrifice 60-80 hours per week of your time and not get duly compensated for it?
Jeez - that is awful. Since you're anonymous, will you say which FANG this was? I don't always hear great things about FANGs but sacking the bottom 10% of employees every 6 months does raise some eyebrows.