WeWork offer

Bank of America SqLl50
Apr 8 38 Comments

170k base plus 130k equity (RSU) over three years, NYC.

Is this considered decent/good? I was hoping for senior SWE, but looks like I’m not getting it, possibly because I felt I did worse than expected on the system design round, possibly because I’m coming from a bank, or both.

How is the company itself? I hear both very good and very bad about it both here and on Glassdoor.

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TOP 38 Comments
  • WeWork / Eng vMuB14
    No one works long hours here by the way...
    Apr 9 14
    • WeWork / Eng Fleventy5
      Not to the best of my knowledge they don’t.
      Apr 11
    • WeWork
      r@2d0m

      WeWork

      PRE
      Refinery29
      r@2d0mmore
      PTO is 17 days the first two years, 20 days the third year, and 22 days after that. It's a new policy this year, they increased it from 15 across the board
      Apr 11
    • WeWork / Eng Fleventy5
      Oh that’s actually not bad. Didn’t know that.
      Apr 12
    • Are they flexible for ppl with long commutes?
      May 1
    • WeWork / Eng Fleventy5
      Yes
      May 1
  • Yelp / Eng sJJv80
    WeWork is going to be in serious trouble when the next recession comes. Commercial real estate is a particularly bad business to be in during a downturn, and they have a lot of liabilities on their books.
    Apr 8 6
    • Adobe mercury10
      Yeah I would steer clear. We work has a sky high valuation resting on the fad of an overpriced co-working space.
      Apr 8
    • Bank of America SqLl50
      OP
      Thanks. Leaning towards a decline now and grinding more leetcode and stuff in hopes of a shot at a better company. Not 100% decided yet though...I have a chat with the recruiter and hiring manager later today.

      Any other specific information I ought to ask? I’m thinking:

      Vacation days
      WFH policy
      WeWork being WeWork, various remote working opportunities at other cities.
      Expected work hours

      I guess I’m satisfied, albeit not ecstatic with the offer itself, just not convinced with the company.
      Apr 9
    • Adobe mercury10
      See if you can negotiate and trade some RSUs for cash. Then you can hedge your time investment a bit.

      Other than that I'd probably ask more specifics about the project and stuff. Is this going to be a good story to tell in future interviews? Is it a code sweatshop? I met a few people that work there and seem to like it but it probably varies a lot by team.
      Apr 9
    • Bank of America SqLl50
      OP
      Yup already tried the RSU for cash thing, they said they don’t do it.

      Main project I’d be in sounds good enough.

      Definitely want to ask about work life balance, as I see some reviews saying that it’s good, but a lot more reviews saying that it’s terrible with very long hours all the time.

      Tech-wise, not sure how I feel about Kotlin. Not a language I’m specifically adverse to learning or working with, but not one on my interest list either. Frontend would be React; which I do like and enjoy - I’d actually prefer leaning towards the frontend in this case, but need to ask what the balance is.
      Apr 9
    • Adobe mercury10
      Kotlin is the future for Android. Not sure how popular it'll be in backend but it's a fun language
      Apr 9
  • WeWork cUHB32
    I would say it's a really good company to work with depending on the team. Which team are you on?
    Apr 9 1
    • Bank of America SqLl50
      OP
      Real estate.

      Really tough to gauge the reputation and prospects of the company...lots of both positive and negative comments all over the place.

      On the positive extreme end of the scale, I see it being referenced in the “SLAW” acronym, but at the same time, why wouldn’t a company like, say, Uber be included in there?

      How would WeWork look on a resume vs. one of the other companies in that SLAW acronym (or Uber)?
      Apr 11
  • WeWork / Eng Fleventy5
    Really depends on the team.
    Apr 9 0
  • Oath OphK57
    I guess it’s a good offer but I wouldn’t know either. I recently got an offer for 175k and 135k/3 yr. I got that 10k more probably because I had another offer...
    Apr 10 2
    • Bank of America SqLl50
      OP
      Did you accept?

      Recruiter told me I had some room to negotiate the cash part of the offer, so waiting on a reply now.
      Apr 11
    • OnDeck svjI35
      How many actual units is that?
      Apr 24
  • Paddy Power Betfair / Eng naan
    Is this an L4 position?
    Apr 9 1
    • Bank of America SqLl50
      OP
      Unsure what exact “level” it is, but I have a chat with the internal recruiter later today so will ask

      The role I was interviewing for was senior SWE. The title in the offer was for regular SWE.

      To be honest I’m new to the world of tech companies (background being in finance tech), so forgive my lack of familiarity of what might be common knowledge.
      Apr 9
  • WeWork / Eng vMuB14
    How many YoE?
    Apr 9 6
    • WeWork / Eng vMuB14
      Seems like an average-to-good offer. Probably not the best performance on the interview. 130K RSU's at which evaluation? This is important.
      Apr 9
    • Bank of America SqLl50
      OP
      3x, which the recruiter said was most likely.

      Yeah, if I had to pinpoint where I did bad, I’d say it was the system design round.
      Apr 9
    • WeWork / Eng vMuB14
      Not sure what 3x means. If you're getting 130K at $52 evaluation then you know how it grows over time. When/if we reach, $100/share, your stock is worth 260K and so on. You have to find out what 130K is based on.
      Apr 9
    • Bank of America SqLl50
      OP
      I’m new to the RSU game, so I’m not totally clear myself.

      But from what I recall from the call, there was a “preferred price”, and 130k was calculated from that x3. He said the valuation was all over the place, with the most aggressive (and arguably unrealistic) numbers being touted at 10x, but that 3x was a reasonable figure? Does that make sense?
      Apr 10
    • Oath OphK57
      I too received an offer a while back. For me, it was $51
      Apr 10
  • Bloomberg / Eng
    Fork()

    Bloomberg Eng

    PRE
    Amazon
    Fork()more
    That's is relatively good although I am concerned for their longevity.
    Apr 8 0