Are comp & benefits competitive to big tech at Toyota’s Woven Planet USA?
What benefits does Woven Planet (Toyota subsidiary) offer to its US employees? And how are comp packages there compared to Cruise, Waymo and FAANG, esp for newly acquired Lyft Level 5 people? TC:320, YoE: 12+#tech #auto #comp #companyculture #tc #wovenplanet#tech
I would say base pay and typical perks are competitive with FAANG and the "annual" bonus is quite a bit larger. The problem is the bonus is paid as a retention bonus that is spread out over 3 years. Also, no stock options or RSUs. The unique perk you get is a monthly allowance towards the lease of most Toyota or Lexus vehicles. Depending on what vehicle you pick, you can get an almost free car for the duration of the lease. Vehicle registration and insurance are covered for you, as is the "routine" maintenance.
How much is the monthly allowance for the car lease?
With no stock or RSUs (is that accurate?), how does Woven keep the TC competitive to FAANG? Is it primarily through retention bonuses?
Yes
Also good WLB.
Woven here. We do get options as part of the acquisition transaction
Thanks @ftXB85 So is it both options and cash bonus? Or are the options replacing cash bonus?
Both
I am curious, what is Woven offering in terms of stock?
Does anybody have any clue on ~TCs (bonus, base, options or stocks) initially sent out?
A few of the people I know that accepted offers from Woven Planet (literally N=3) said they got their base salary, I want to say 10 or 15% target annual bonus, I don't recall what the stock options were, plus a "make whole" bonus to cover their Lyft shares. I want to say this bonus was being paid out over 2 years. The peeps I know were all at the senior SWE level. Maybe higher ups got a sweeter deal.
Hi All, I have 10 YOE, most of which coming from a large Fortune 100 manufacturing company. Have had roles in sales, channel development, new product commercialization and development, and now managing a product portfolio in our automotive division for EV products. I’ve been applying to all the big tech companies, and seems like at the least the marketing jobs for my years of experience are more supporting (executing on what engineering and PMs decide) roles as opposed to setting/driving strategy (what I do now). Which non-technical roles typically allow for the most impact to help set the direction on projects and business? I’ve gotten initial phone screens for following roles - just getting started in the process: - Woven Planet - Marketing Mgr, Product Group eBay: Sr Partner Dev Manager - Uber: Global Product Marketing Mgr-Rider Experience - Salesforce: Sr Business Value Servies Mgr - Intel: Portfolio Marketing Manager Current TC is $200k and I live in MN. Figure I need at least $250k TC if I move out to West Coast. Do these jobs pay that much?? Thanks for your advice!!
At TRI it is competitive. But I am also curious for Woven USA.