I rejected Wework midlevel engineer offer

New / Eng
helloK

New Eng

PRE
Cisco, Elsevier
BIO
software fullstack engineer in Bay Area.
helloKmore
Mar 19 16 Comments

I rejected my wework offer for fulltime midlevel software engineer in SF. It was my first offer when I started job searching this year.

I got 150k base with $90k RSUs across 3 years. No sign bonus, no annual target bonus, no free foods. Location is Salesforce tower in Downtown SF. I interviewed in January 2019 with 7 YOE. This is a lowball and underleveled offer that was easy to say no. The only positive perk is the onsite gym and spa under construction.

I ended up accepting an offer from a small early stage startup that offered 2x more than wework's base salary and also with title of senior engineer. Also, the startup TC offer is an all-cash offer without any equity.

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TOP 16 Comments
  • Oscar 🐨koala
    No target bonus is a big fuck you to an employee’s face. Fuck that. Plus the company is shit anyway. Greedy CEO.
    Mar 19 0
  • WeWork / Other 🌚🌝we🌝🌚
    Smart choice 👌 we low ball everyone 😒
    Mar 20 2
    • New / Eng
      helloK

      New Eng

      PRE
      Cisco, Elsevier
      BIO
      software fullstack engineer in Bay Area.
      helloKmore
      OP
      Why did u accept the offer?
      Mar 21
    • WeWork / Other 🌚🌝we🌝🌚
      It was a number of years ago when the promises were high and the strike price was low
      Mar 21
  • Microsoft TqoN12
    Wtf applications are there to build at wework? I still can’t believe this company is billed as a tech company when it’s just a real estate play. Unreal. I’ll be shorting that stock if it ever ipo’s. They’ll price it as a tech company with its multiple and it’ll fall like a rock.
    Mar 19 0
  • Microsoft interesti
    It looks like WeWork’s CEO was a partner of cannabis company in Israel. He is not a typical tech founder.
    Mar 19 0
  • How did you find a startup that pays $480k a year in cash? That sounds like a crazy burn rate for a small startup.
    Mar 19 1
    • New / Eng
      helloK

      New Eng

      PRE
      Cisco, Elsevier
      BIO
      software fullstack engineer in Bay Area.
      helloKmore
      OP
      I fixed the error in my post. I was comparing $150k base from WeWork (where i assume equity is $0 at private conpany) vs. $300k all cash TC from small startup.
      Mar 19
  • Microsoft MSFTBRO
    Cool story bro
    Mar 19 2
    • Symantec GoRams!
      Stop trolling every post with this comment.
      Mar 19
    • Amazon / Other 🍆 r
      Coo comment bro
      Mar 19
  • Dropbox systest
    Is equity both liquid at Wework vs startup?
    Mar 19 2
    • New / Eng
      helloK

      New Eng

      PRE
      Cisco, Elsevier
      BIO
      software fullstack engineer in Bay Area.
      helloKmore
      OP
      I updated original post to answer your question. WeWork switched to RSUs this year so it is still paper monopoly money of no real cash value.
      Mar 19
    • Dropbox systest
      Ah so you get taxed on the RSUs. Be careful
      Mar 20
  • Salesforce / Biz Dev eVBM24
    What is this gym you speak of in the SF tower? I work in the tower and don’t know what you’re talking about...(srs)
    Apr 11 0
  • Paddy Power Betfair naan
    This was for L4 Software Engineer position?
    Mar 26 0