That might be if you're hitting a "distinguished" level or moving from IC to M or M to E.

Even at Netflix who is famous for "all cash, no stock, almost never bonuses": https://www.levels.fyi/companies/netflix/salaries/software-e...

Biggest jump is 400K and that's at L7, for Principal SE, the top level. Below that each level is about a $100-150K jump. Nothing to complain about, to be clear.

E6 -> E7 at Meta is $1M (which sounds a little bit crazy tbh). Google L6 -> L7 is 300k, but their numbers look smaller than what I'm privy too. A generic Level 6 to 7 (staff to senior staff) promotion can easily be $500k at a tech company.