Compensation is the biggest pro. Also, unlike other hire to fire companies (most tech companies at this point in 2024), you at least have a chance to prove yourself and are given a couple months to onboard. There are worse tech companies out there such as Amazon and Intuit, but Meta’s culture is still quite terrible. They try and justify the long hours and stress with how much you can make - Meta still pays more than any other major tech company, even in 2024, which is definitely a pro, but the culture is cutthroat and you can’t trust anyone. It would probably be easier to work two remote jobs at “less prestigious” tech or tech adjacent companies to make the same amount at Meta with more stability, better WLB, and less drama.
Pretty much the same as what one would experience at most tech companies in 2024. But some aspects are better or worse than others. Long hours. WLB is highly team dependent. Apparently Meta used to be a lot better in this regard, but now not so much. It is intense, but if you have startup experience, it is at least less intense than that. And again, it is more fair than a place like Amazon. Office politics are a thing at all tech companies, but a little more extreme at Meta. Blame and shame culture is big. People are snakes and are prepared to throw even the newest and most vulnerable employees under the bus to save their own skins. This makes things quite unfair, but as long as you’re proactive and document everything thoroughly, you’re at least given a chance to refute these attacks. A lot of gossip and backstabbing. This is separate from and still related to PSC culture, which everyone complains about. Management is terrible overall. Sometimes there is micromanagement. One of the few companies where it’s possible you’ll have a manager younger than you, even if you’re only 27-31ish. Often ICs seem to be held accountable for things that are way beyond their day-to-day scope - basically things that are ultimately the fault of leadership and management. Management frequently tries to pin things on their employees. Your manager is often trying to screw you, and if they can’t find a way, they are often trying to invent things you did wrong. This isn’t a dealbreaker because as long as you’re doing your job, it is easy to refute, but it creates a ton of work because you have to be extremely well-organized and have documented every interaction with your manager colleagues. I recommend studying employment law / consulting with an employment lawyer early on in your tenure at Meta, so you know what to look for. Because it is a massive tech company, you are there to please your manager and make them look good, so you need to do pretty much whatever they say. there’s a lot of internal conflict because it’s very authoritarian, also fairly draconian, and it’s bottoms up at the same time, every man for themselves. Do everything your manager says and it is somehow still all up to you as an individual employee to make the company successful. To top it all off, your colleagues suck too. People brag about work that YOU did as being THEIR work that THEY did if it is successful. If a project involving multiple people is so much as an hour late, then YOU are blamed, even if you had nothing to do with the lateness. The lateness itself isn’t really the problem because guess what? It’s not anything is broken. Except for when things do break and the whole app crashes for a day because everyone is forced to focus on office politics instead of their actual work. it’s not really about the value you create, so much as it is the PERCEIVED value you create and whether or not your manager likes you. Ergo, a lot of bootlicking charlatans make it to the top.
I'm trying to evaluate two new grad offers: Hedge fund - Position: Quantitative Developer (in research team) TC: $170k base + performance bonus Facebook - Position: E3 (entry-level) software engineer TC: $124k base + $40k stock + bonus What are the career progressions like for quant dev? If I d...Read more
Apple because they want ads revenue Elon because he wants twitter to be only social app Trump because he got banned China because they don't want open social app Tiktok because they want no competition Microsoft because they want Bing to be social app Kanye because he is Ye Blind folks because th...Read more
I am struggling to decide between my top three offers, which are for Meta, a Hedge Fund (think Citadel, Jane Street, Two Sigma, etc.) and a London based HFT firm (you'll likely know the name but want to protect my privacy). The offers are: Meta (E5): TC ~£203k (109, $420/4 years, 15% bonus), plus £...Read more
About to accept an offer for DS. I'm considering doing a corporate MBA program and hopefully switch to product. Does Meta help with a flexible work schedule and potentially fund (part or full)? Any restrictions they impose if I get funded? Current TC 220K #meta #mba
I’m a new grad looking for my first job out of college. I know questions like this get asked all the time but I feel that the response will be different due to the current economic downturn. I have offers from Google, Facebook, Robinhood, and a hedge fund. Facebook - 118/160/65 Google - 118/180/50 ...Read more
Should I move from a big tech company (level 5) to a SWE position in a hedge fund? Assume they pay the same, but HF won’t guarantee any bonus compared to guaranteed stocks. What are growth perspectives at SWE in fin-tech?
As those of you around Seattle might know, the WA Cares Fund is a new income tax for people who don't have long-term care insurance: https://wacaresfund.wa.gov/. I already have insurance, so a few weeks ago, I filed an exemption request with the state and sent a copy of the resulting paperwork to my...Read more
https://twitter.com/benss/status/1054095677142249473?s=21
Curious what places like Citadel are paying for someone like me these days. 3 YOE at FB, 11 overall, TC: ~$500k
My 401k only allows me to invest in mutual funds, and I haven't found big tech mutual funds that exclude Meta so far.
Which would be better for long term career outlook for a SWE? F/G could lead to product/EM roles that lead to tech executive or startups which is obviously amazing. What can HF lead to? Becoming a quant instead of a dev? Does that happen? Are there any cool financial exits? # #tech #finance #hedgefu...Read more
It truly is worth the read. Honestly what fascinates me about this is the dozens of ways that a tech company that "moves fast" could find itself just as burdened by unforeseen problems as their end users. They didn't start out intending to be such a participant in politics and public policy. But ...Read more
First class citizen? What are problems to solve? Challenging? Rewarding? Work/life balance?
Investing noob here. I want to buy some ARKK and ARKF shares. FB is a part of both. Would it be considered a violation of trading window policy if I trade these shares outside the windows? Follow-up question: what about trading index funds like VTI or QQQ (since they would include FB too) #persona...Read more
Which one would you be? YC Founder with 500k pre seed funding with possible 2-3M funding 3 months later Meta E5 with 450k TC #google #meta #netflix #apple #amazon #microsoft
I just liquidated 3M Meta Stocks. Got lucky, liquidated Google and bought 600K Meta in 2022 at $100. What is the best way to park it in a fund or PE to get 250K in Dividend Income. I have been looking at Private Equity funds such as Nuveen/Carlyle/KKR etc. I don't care about the tax advantage way....Read more
Recently sold several Meta stocks in kind of high price. I am expecting short of 55k bonus as well. This total 550k in cash. Where would you invest? S&P500? Other index fund? I don’t try to invest to something risky here.
Hedge fund billionaire Christopher Hohn wrote a letter to Google and Alphabet CEO Sundar Pichai advising him to "cut thousand more jobs". In a viral letter, the billionaire dated January 20 that Google's 12,000 layoff is a step in the right direction, but it does not reverse the very strong headcoun...Read more
Hi technology rangers With FAANGs having brutal layoffs, I don’t think they will be the same after recession. Which are the best tech companies to join post 2023 - post recession ? I have created a poll. You can vote for MULTIPLE options (please select all). If you think your best company is not ...Read more
Now that you are making $$ out your asses and the whole world knows it, you’ll start getting calls from “financial advisors” trying to sell you whatever snake oil they are being paid to sell. Received one such call yesterday. Went like this: Them:” We want to schedule an appointment for a free adv...Read more