Companies revaluing equity for new hires?
ive heard that lyft may be revaluing the equity offers fir new hires. if they were offered 200k over 4 years it is now only worth 100k so they are making up most of the difference with a new equity grant. are any other companies doing this? #tech #comp TC 320k
lyft has bad times surprised they didn’t stop hiring
When lockdown ends Lyft will be back in business, probably stronger actually because people would rather Lyft than take public transit
Are they hiring?
From what i heard they just fix equity for 2020, not 4 years.
Correct
It’s so nice of the company to do this. They’re basically giving us some potential upside as well (and of course some downside) if the extra shares we get go up in the second half of the year.
Is uber doing it too?
Nope. Asking to collect examples to make the case we should!
If it’s worth mentioning, that decision by Lyft is very generous but caused a huge internal debate of “new hires vs old hires” where the “old hires” complain that it’s very unfair.
Do they revalue when markets go up?
New hires are particularly vulnerable.