Very few people are level 70. It means VP or Distinguished Engineer. Probably far less than <1% of the company. These people are making over $1m a year most likely, if not more. For Microsoft, that is big money. They don't pay like Meta or the AI labs. We are more comparable in pay to Amazon and other 2nd/3rd tier big tech companies.
I know what you're saying, but I wonder how many people there are even on HN who wouldn't consider US$1M/year to be "big money".
I hope they would. I'm just comparing MSFT compensation for a SWE in the USA which might range from 150k-400k per year unless you get to quite high levels, with companies like Meta, nvidia, openAI, Anthropic where someone might make 1m a year with 2 years of experience due to crazy stock appreciation and very high offers for specific domain expertise