70% of Stripe’s recent hires are from Google, Facebook, Amazon and Microsoft. Isn’t Annual RSU policy deterring?

Nov 2, 2021 509 Comments

My neighbor joined Stripe recently and mentioned that over 70% of recent hires are from Amazon MS Google and FB. And Stripe had over 2000 hires in the pst few months. I am curious on who are these people and why are they leaving 4 year grants to the shitty Stripe RSU policy where there is no upside after year 1!

Here’s the previous post where the annual Grant RSU policy was under fire few months ago Check out this post! "Let's Boycott Interviewing at Stripe and Instacart after their New RSU Policy (Tech Industry)"
https://us.teamblind.com/s/fE5hpQPg

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TOP 509 Comments
  • Stripe’s 1 year RSU = Microsoft’s entire 4 year RSU
    Nov 2, 2021 16
    • Amazon
      SlhS10

      Go to company page Amazon

      SlhS10
      The MSFT offer was for an Azure network group with terrible WLB. I got Google to basically match my FB offer for actual good WLB and good comp.

      Why would anyone join MSFT for less than they make at Amazon for terrible WLB unless they were being managed out?
      Nov 3, 2021
    • Google
      ʘᴗʘ

      Go to company page Google

      ʘᴗʘ
      Haha Ms recuiter told me the reason he doesn''t reach out to me is he knows it can't compete with my current salary so doesn't bother.
      Nov 4, 2021
  • Amazon
    🦑🦑🦑🅾️🔺🟥

    Go to company page Amazon

    🦑🦑🦑🅾️🔺🟥
    How is there no upside after year one?

    I don’t understand the point of this post. I work at stripe. I get annually granted RSUs and refreshers. What am I missing? Are there others who don’t?
    Nov 2, 2021 31
  • Lyft
    LiEj46

    Go to company page Lyft

    LiEj46
    It’s because the yearly TC is massive and in most cases beats any stock appreciation a 4 year grant can offer. Plus killer refreshers on top of the yearly grant.

    Source: just signed a stripe offer
    Nov 2, 2021 33
    • Lyft
      LiEj46

      Go to company page Lyft

      LiEj46
      That’s correct. Base and equity can be improved at the end of every year for inflation based comp adjustments. I’d assume that I’m at the top of L3 band so not much more room for improvement
      Nov 10, 2021
    • Stripe
      fdhDkEO

      Go to company page Stripe

      fdhDkEO
      @Lyft you have NO IDEA what you're talking about. DO NOT TRUST the Stripe recruiters - they make up random numbers about refreshers. We haven't gotten our first refreshers yet, so no one knows how much they will be.

      We have a range (the max for L3 in US-Premium is 270k) but we don't know who is going to get the max. Probably only people who get "Greatly Exceeds" rating, which is a very very small amount.

      DO NOT TAKE 280k/2yr refresh for granted. The reality for most people is probably in the 0-100k range.
      Jan 25
  • Amazon
    gosebump

    Go to company page Amazon

    gosebump
    Here is my stripe offer:
    L5
    330K base
    25% bonus
    650K stock grant each year
    100K sign on.
    Nov 3, 2021 32
  • Google
    gganbuu

    Go to company page Google

    gganbuu
    At this point, anything is more interesting than Google. It's a mess -- horrible review system, hyperfocussed on design doc and making appear simple changes complicated, declining engineer quality etc.
    Nov 2, 2021 17
    • Disney
      dawndon

      Go to company page Disney

      dawndon
      Haha god that sounds horrible. Like classic big company problems. Aggressive reorging for scope as like a job skill

      Yeah I guess all these places are so big it’s not possible to describe what the avg experience is.

      All I know is mine is very chill. Where it is on the bell curve, who knows. I have heard GCP mentioned a lot in this site as particularly bad though
      Nov 4, 2021
    • Microsoft / Eng
      John++

      Go to company page Microsoft Eng

      John++
      Microsoft is obsessed with making complex things easy 😅
      Nov 4, 2021