Talked to someone at Meta that joined in the second half of 2022 during stock price lows. 5 yoe and joined as an E5 MLE. Apparently with stock price increase, her initial grant is now 2.5x and with sign on + bonus, she’s making 850k this year as an E5!!! Folks at Meta, how much has your comp increased with the stock price run up? Anyone pushing 7 figures as an E5? 🤯 TC: 625k
E5 would get about 400k (good offer), about half of it stock. 2.5x is absolute best case (started in Jan). So 200 base and now 500k stock. Sign on at e5 is like 50k? Doubt she would get more in January (we are not exactly hurting for people). 750 is the top for first year e5, 850 is a lie There are also vanishingly few of these as we were in a hiring freeze
I stupidly declined an meta e5 offer but I wanted to chime in to say this flat out isn’t true. My E5 offer was well over 550k.
When did you get this offer? I thought they were on hiring freeze during most of last fall
She’ll get cut in the next round of layoffs . The last three weren’t performance but budget driven and top earners 🪓
Is there a next round? Thought the last round was just axing non tech folks
Officially not (I have no other info) but I wouldn’t be surprised if another round happened in 23 or 24
She phd? 5 yoe directly to E5 from no name companies looks hard
That is not hard at all. Some even join with 3 yoe no phd.
WTF.
Meta’s lows were definitely not 175, where are you seeing that? She could be lying but I have no way to confirm. It sounds legit to me based on timing, but I don’t know the specifics of how meta calculates grant value on joining.
Twitter bar really sank into the earths crust after elon took over huh
Companies are not stupid. Repeat after me: one can only get ultra high tc if layoff didn’t happen to him / her. When a company finds outliners like what OP mentioned, except that if he / she delivers exceptionally unique value, will be ditched due to just one simple reason: that employee is too expensive to hire.
You really think a company the size of meta optimizes per employee comp, especially stock based part?
I can’t see the reason why companies don’t do that, particularly this is mot difficult to do.
My friend's TC raised by $300K. What's next?
There would always be someone who is earning more than expected. 1. This is not permanent. 2. We dont know how much they have struggled. For eg, she might be extremely under pressure due to possible lay offs. For her, job security might have meant a lot compared to temporary TC hike. 3. We just need to find our happiness and other’s higher TC should not affect ourselves
No big deal. Almost every engineer at Snap made 1M+ in 2021.
MLE has higher pay, but 2.5x rsu only happens for who joined in Nov or Dec, which is rare. I joined on Oct, rsu has not hit 2x yet
What’s your TC at current price? Was your initial stock price locked in at the join date?
Around 500k, I think so. It’s locked based on the average of previous month. Mine is $150
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