Big picture: it’s not lower pay.
It might be less cash on a per paycheck basis but it’s not lower pay.
If you’re better than average, you’ll get a generous bonus in addition to your base pay.
For a ‘senior manager’ level six, one level down from Director, your pay will be ~ 100,000- $130,000 plus a 25% bonus.
So, base plus bonus puts you in $125,000-$155,000 range.
Then you’ll get 17% of that into your 401k if you put 7% in.
Then you may be awarded shares that pay out in March. They could be anywhere from $10,000-$20,000 for a regular Joe, not an exec level.
Plus you get to wfh half the time. And the offices are very very nice. Lots of natural light, very clean, full cafeteria, gyms on site, walking trails, on site medical clinic.
Great healthcare at reasonable prices.
Sure, you might be able to find something ‘better’ somewhere else but overall, the company is crazy generous.