With the stock market down, what is going on at Google?

Netflix nflxos
May 31 56 Comments

I left Google earlier this year as I was really unhappy with my comp falling for a second year in row (despite high ratings and praise from the managers). I recall people at Google being pretty vocal and our VP saying they recognize the problem and looking for a way to deal with it.

Now I see my Google holdings losing value and I wonder what do people think/say about their comp dropping. Are there any changes happening, like increasing ratio of the base?

TC: 475k

I’m tagging Facebook as well, I understand they also rely on RSUs for comp.

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TOP 56 Comments
  • Pinterest PinFirst
    Would you be ok with companies docking pay for every bug you introduce or every wrong decision you make?

    Or reducing your holdings when the stock price goes up?

    Indicating that companies should increase comp because stocks have gone down is an asinine statement. If you agree to pay cuts when your comp goes up then maybe it makes sense for companies to make you whole if comp goes down
    May 31 17
    • VMware ItsAlrite
      What was G's counter offer? Was it significantly higher than 390k? I thought that in itself was quite high.
      May 31
    • Netflix nflxos
      OP
      Counter offer is not the topic of this conversation😀
      May 31
    • VMware ItsAlrite
      Absolutely right, counter offer is not the topic here. But can you let us know that offer's numbers? This is the first time in hearing G does counters and would love to know how far they can go.
      Jun 1
    • Netflix nflxos
      OP
      They have a list of companies they will counter. They require copy of the offer as a proof.
      Jun 1
    • VMware ItsAlrite
      I think it will be dependent on what your manager thinks.
      Jun 1
  • Amazon Yipp5
    Dude, you're at $475 TC! Geeze. FWP.
    May 31 3
    • New / Eng
      🔥HODL🔥

      New Eng

      PRE
      Sogeti
      BIO
      I'm a generalist soft eng who loves to work on hard tasks and open-source. I have experience in many domains (low-level, web, data science, security, etc.).
      🔥HODL🔥more
      Maybe he *was* underpaid at G.
      May 31
    • Google / Eng modi_56
      Wouldn't be surprised.
      May 31
    • Bain & Company uqRH20
      This post might have been a humble brag
      May 31
  • LeanTaaS ♥️ data
    Stock market is a Gamble. Why would you assume that it will always go high?

    You never raised concerns when the value of your RSU went up

    if you're planning to hold the stocks for a few years and as long as you're not selling today you should not worry about your compensation going up or down
    May 31 4
    • Netflix nflxos
      OP
      At Google I was exposed to stock market against my will. And I am wondering if this is changing now.
      May 31
    • Google / Eng ECyG30
      Nflxos, you accepted the offer. That was your will lol
      May 31
    • Uber lock_up
      You are the one who signed the offer letter after reading the terms of the offer.

      Start taking responsibility for the decisions you make in life.
      May 31
    • Netflix nflxos
      OP
      Lol, chill. I am actually glad with the decisions I made. I am looking for a context for my _next_ decisions.
      May 31
  • Google L7@AWS
    All competitive tech companies that I can think of besides Netflix offer a stock component. It is not isolated to just G and FB
    May 31 10
    • Netflix nflxos
      OP
      Main problem is that I loved my projects at Google - lot less flexibility at Netflix.
      May 31
    • Netflix nflxos
      OP
      “There is more to a job than TC” - up to a point. Bullshit promotion at Google really limits your comp if you are L5.
      May 31
    • Could you say a bit more - what do you mean “bullshit promotion” and why does it limit comp?
      May 31
    • Netflix nflxos
      OP
      Your comp is tied to your level. Going from L5 to L6 requires you spending your time in a specific way - instead of focusing on projects you believe in.
      May 31
    • Google L7@AWS
      Not OP but Google promo rates are very slow. L5 used to be a terminal level (these days I've heard it's L4) so lots of engineers get stuck at L5
      May 31
  • Google əๅɓoo⅁
    The whole point of paying RSUs is that they only go up when the company is doing well.
    If they don’t, you are supposed to work harder, not ask for a raise.
    May 31 4
    • Google / Eng modi_56
      Thank you
      May 31
    • Netflix nflxos
      OP
      How does it work when a trade war decreases the comp? I think, most Googlers did not even vote for Trump. Comp should only reflect your value to the company. Does Trump decrease your said value?
      May 31
    • Google əๅɓoo⅁
      He also decreased your comp by raising your taxes to give tax breaks to those who voted for him...
      May 31
    • Netflix nflxos
      OP
      Pretty sure I paid less taxes in 2018.
      May 31
  • Google / Eng modi_56
    Why is the comp going down? Noogler here.
    May 31 5
    • Netflix nflxos
      OP
      Basically, your comp at Google depends not on the stock price but on stock price _growth_ - if the stock price growth slows down, your comp will start falling as older grants get vested. I was lucky to join just before Ruth got hired so I benefited a lot from the stock price growth. As stock price stabilized, my TC started falling 7%/year.
      May 31
    • Salesforce hypeforce
      But you get refreshers as well. right ? Unlike netflix
      May 31
    • Amazon trailblzer
      @hyperforce - how are the refreshers at Salesforce?
      May 31
    • Netflix nflxos
      OP
      @hyperforce - refreshers are there to keep your comp on the same level. And they fail to do that if the stock growth slows down. No need for refreshers if your comp is cash.
      May 31
    • Salesforce hypeforce
      Not much in the way of refreshers. We do get some, but a lot less than FB, Apple or G. Base salaries are surprisingly high.
      May 31
  • Microsoft / Eng
    tarasenko

    Microsoft Eng

    PRE
    Microsoft, Grab
    tarasenkomore
    Lol are you just indirectly flexing your Netflix TC? Pointless question, because Netflix is the only top tier company to pay all cash.
    May 31 4
    • Netflix nflxos
      OP
      There had been talk (since the last Googlegeist) when I was at Google that comp needs to be fixed. I am asking if anything particular is going on.
      May 31
    • Google / Eng modi_56
      Same this year.
      May 31
    • Honeywell wellHoney
      In what way would it be “fixed”? More base/less RSU?
      May 31
    • Netflix nflxos
      OP
      Back then people were saying that Google pay was behind other companies. But I am also wondering if they decide to increase cash comp.
      May 31
  • Bain & Company uqRH20
    Dude you make 475k
    May 31 0
  • Roku gdhdhch
    Yeah stock pay is mostly bs. It's good you quit, actions like that drive pay up.
    May 31 0

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