What's the compensation at WeWork?

Facebook / Mgmt
engisquir

Facebook Mgmt

PRE
Google
engisquirmore
Apr 5 32 Comments

I'm talking about L6 role (Staff SWE / Senior EM). What are expected salary, sign on, stock, TC?

Do they have the same comp for IC and EMs?

Coming from Facebook with 700k TC, I wonder if they can beat that

comments

Want to comment? LOG IN or SIGN UP
TOP 32 Comments
  • Microsoft UMbR31
    Honest question: why wework? Do you think you'll be more useful in a property manager than a social media company?
    Apr 5 10
    • Microsoft UMbR31
      Bruhhh... Please, Samsara's culture is very evident from the Glassdoor reviews. 4.9/5? Nearly all reviews are fake... Who you kidding here??
      Apr 5
    • Facebook / Mgmt
      engisquir

      Facebook Mgmt

      PRE
      Google
      engisquirmore
      OP
      @UMbR31 which "software company"? Microsoft is obviously not a pre-IPO. I'm not defending WeWork, I'm genuinely interested to widen my options. What software pre-IPO companies you recommend?
      Apr 5
    • Wait, the CEO leases the properties to WeWork? That kind of fraud, isnt it?
      Apr 10
    • SAP ksYR03
      Wework is a scam. Their IPO would tank big way. Don’t join them
      May 18
  • Facebook
    We Will

    Facebook

    PRE
    Google
    We Willmore
    WeWork is not a great company at all, have many shitty stories - I did the mistake of joining from FB and left within 3 month and now happy at another pre-ipo company

    Don’t do it my friend, you’ll regret big time
    Apr 5 1
    • Facebook / Mgmt
      engisquir

      Facebook Mgmt

      PRE
      Google
      engisquirmore
      OP
      Thanks. Which company did you end up joining?
      Apr 5
  • Airbnb murat
    I wouldn’t join a company that only expenses vegetarian biz meals
    Apr 5 0
  • WeWork / Eng vMuB14
    Amusing to see all the outsiders somehow strongly suggesting not to join.

    Wework won’t beat 700. Not even close.

    Base for L6 is something like 250, maybe 275 if you really outperform in the interview. Stock might be something like 200-300 over 4-5 years. I’ve heard they’re now giving RSU’s instead of options but it’s still virtual money so I wouldn’t count on it. There are no bonuses and rarely any refreshers. Comp wise Wework is far behind faang so don’t join if that’s what matters the most.

    I think tech culture here is good. It’s hectic, lots of processes still being ironed out and in the process of being established. But you won’t have to work nearly as hard (I was at faang before joining). People are smart and caring. We use latest tools and pay attention to tech debt. Managers are understating and you won’t have to stay extra hours to reach deadlines. It’s a pretty chill environment where you can work at a comfortable pace while learning, making an impact on product or an infrastructure while having a good (not great) pay.
    Apr 5 2
    • Uber IamDara
      You basically confirmed what others said
      Apr 6
    • WeWork / Ops xj13hz
      Truth
      Apr 6
  • New 500k
    WeWork is not a tech company. They try to sell you IOT kool aid. All the growth is geared up by Saudi money. There's no interesting scalability problem (scale is probably 10,000 DAU). It's hard to make it a high growth business like other software companies. At most, they will become a brand and get into franchising. But what's the economy of scale in that model?
    Apr 5 0
  • Facebook / Mgmt
    engisquir

    Facebook Mgmt

    PRE
    Google
    engisquirmore
    OP
    Got an offer for L6, total comp 400k /y. Just 3 years of stock vesting.
    Apr 23 3
    • New / Eng golop
      How many YoE?
      What’s the split, base / total RSU over 3 years? Any perf bonus?
      Apr 23
    • I assume you rejected it given the massive delta from your current TC?
      May 1
    • Google / R&D
      vnzF53

      Google R&D

      PRE
      Google, WeWork
      vnzF53more
      how many rsu for three years?
      May 4
  • Oracle ohlnojpj
    What level are you now at Facebook? M1 or M2?
    Apr 5 4
    • Facebook / Mgmt
      engisquir

      Facebook Mgmt

      PRE
      Google
      engisquirmore
      OP
      M1
      Apr 5
    • Dailymotion Sznp07
      Did you get M1 from start with TC of 700K or grew into mgmt and the value of stock raised? sounds like a lot above their avg. I am about to get an offer and I know for fact the numbers are much lower unless you can tell me otherwise :)
      Apr 10
    • Facebook / Mgmt
      engisquir

      Facebook Mgmt

      PRE
      Google
      engisquirmore
      OP
      It was latter. Definitely stock appreciation.
      Apr 10
    • Facebook / Mgmt
      engisquir

      Facebook Mgmt

      PRE
      Google
      engisquirmore
      OP
      Would love to hear your offer numbers after you get them :)
      Apr 10
  • Facebook / Mgmt
    engisquir

    Facebook Mgmt

    PRE
    Google
    engisquirmore
    OP
    Also, how does their stock vesting look like? 25% after year 1?
    Apr 5 2
    • WeWork / Eng vMuB14
      Yes standard cliffs. Either 20% or 25% depending on if it’s 4 or 5 years.
      Apr 5
    • Facebook / Mgmt
      engisquir

      Facebook Mgmt

      PRE
      Google
      engisquirmore
      OP
      Many people say that they just give 3 year grants
      Apr 5
  • Google / R&D
    vnzF53

    Google R&D

    PRE
    Google, WeWork
    vnzF53more
    May you share details? How many stock units at what price?
    Apr 29 0
  • Bloomberg / Eng iVX372
    WeWork always lays off the bottom 10% performers. It's stated in another thread here, in case you don't believe me.
    Apr 5 0