At FAANG-size companies (i.e. over 5K employees), compensation is heavily formulaic. In fact, there is often a separate team — the “compensation committee” — who sets your salary. They take into account your background, interview performance, and level. They give the recruiter a number to go with.
The recruiter then gives you the number, and every time you negotiate they have to go back to that committee to ask for a re-evaluation.
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