So they are largely comparable to SV salaries at Google/Facebook. Which means since Google/Facebook pay more than average, they are above average for SV.
And that's at places like Berlin which are cheaper to live than SV.
GP said that the salaries would make senior engineers in Silicon Valley pale. That implies that they're much higher. Instead, they're actually much lower, as I suspected.
This is true even for the senior engineers, at around half the compensation or so; for the principal engineers and directors, working somewhere like Google or FB gets you 3-5x what's quoted for Lidl.
> So they are largely comparable to SV salaries at Google/Facebook
This is completely wrong. Compensation for senior engineers at Google/FB is around 350k USD: https://www.levels.fyi/#
> And that's at places like Berlin which are cheaper to live than SV.
Agreed. Nevertheless, the salaries aren't going to make any senior engineers in SV "pale", when they're half as much.
Agreed! Let me clarify: high wages, once you're an engineering manager it's probably comparable. However, you're not nearly as relevant, from a value-sdd perspective. FAANG etc. are software companies. Lidl is an offline retailer. So top notch engineering there is not nearly as critical as for a company like facebook. So let me rephrase: way more buck for way less bang!
So they are largely comparable to SV salaries at Google/Facebook. Which means since Google/Facebook pay more than average, they are above average for SV.
And that's at places like Berlin which are cheaper to live than SV.