Recently contacted by cruise Automation. Heard it is already acquired by GM. Does that mean there is no chance to go to IPO to earn a lot of money when joining at this point? If it is not going to IPO, how’s Pay like for engineers?
We get private RSUs for Cruise, not GM. Which aren't liquid until a liquidation event.
This. RSU separate from GM stock price for all new incoming employees. Treat equity as you would other pre IPO equity.
So what happens if you leave before liquidation event. Do you get to keep your vested RSUs? Also are RSUs taxed on vest or are they deferred till liquidation event happens.
Offers are very strong right now. There’s a very heavy cash bonus (up to 50% of your base in some offers) as well as private RSU’s that have a standard double trigger. The new CEO’s 10k filing recently revealed that his compensation is dependent on him bringing the company to a change of control or an IPO within 10 years.
I am interviewing with Cruise. I have over 20 yrs exp but in lower tier companies like Cisco. If I manage to clear the interview what could I expect in terms of comp. Is Cruise sr. Sw equivalent to L5 in G?
It really depends on what role you’re interviewing for. Cruise SWE ranks aren’t as granular as some other companies, so while a senior maps to L5 it may have a large TC range depending on your individual experience. It could be between 200 and 500. For IC SWE’s we only have Software Engineer, Senior Software Engineer, Staff Software Engineer and Principal Software Engineer (of which there are probably <10).
Is it like in 10 years from now?
It took Dropbox 10 years so it’s not unheard of. But no, it’ll take however long it takes to get a service running in the city without drivers. That’s the money:
Pay is excellent and equity will be worth a ton of $
Heh it’s paper money, good luck waiting for IPO.
Offers are cash heavy to account for this. My annual bonus is 130k, cash. If we ever IPO that’s just icing on the cake.
untrue
So our hope is to expect GM could be valuing at more than 500B one day in the future? But I heard cruise Automation is valued separately from GM