Software Engineering Career
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L4 Google -> 45 interviews, 5 offers, AMA
Tech Industry
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1079
Question about women in their 30’s?
Tech Industry
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BREAKING: Internal sources confirm another round of layoffs just hit emails at Tesla. For real.
Tech Industry
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The man I love hates me because I’m Vietnamese
Tech Industry
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What happens when most of your team is Indian?
Have a staff engineer from Cruise on the Perception team. After reading in the news and internal forums it looks like the company will shutdown by end of year. Is it worth still taking the offer? Does the company have any future? Offer: 600k TC YOE: 11
Fully remote?
Not the right decision right now
Yep. I wouldn’t bet my career on any of the autonomous companies right now.
No and No..
Thanks for the intel ;)
You could end up with severance if you join. You could ask for a special severance clause given the news.
Is that a negotiation option at every level??
It's an option but less likely to work at lower levels.
Quarterly burn rate for Cruise is $500-$700 million before they lost their licence. Your call .
1.9 billion burned during the first 3 quarters. GM has a profit margin of 6.94%. Best seller Chevy Silverado costs $36.8k, let's assume $40k after options. Profit=$2776. GM needs to sell 228146 trucks a quarter, just to fund Cruise. Profit margin will likely go down after union labor strike. A very expensive endeavor. Its license getting pulled indeed put Cruise in a very dangerous position, its existence could no longer be justified. The best course of action could be to sell the company to some Chinese buyer like BYD, and strike an exclusive preferred partnership deal to ensure GM will get the tech at an agreed price.
The 7% is net... The Silverado has a much higher margin. I can't say how much but it's a lot more than 7%. The 7% includes paying the water bill + salaries + and even projects like Cruise.
Stay wherever you are. Not worth taking a risk now. Layoff is for sure. They might withdraw your offer too.
Oh please don't join perception. The ICs there are super noisy.
Super noisy? How? All blabber and no substance?
Or just farting noices
Where do you read the internal forum? But yeah, I won’t be surprised it shutdown soon. AV is pretty much a dead end. GM will start cutting down costs when their profit got a hit as the recession drags on and when they need to pay more for their workers
Curious about the internal forum as well
AV is not and never a dead end.
Btw, to help further i didnt take the engineering manager offer. Intel is risky but i saw cruise was even riskier and they asked me to come to sfo as it is manager role.: that basically nullified the hike..
Why would Cruise shut down? It's owned by GM so whether it shuts down is more a GM strategic decision. But I kind of agree that GM is running the company into ground gradually.
Do you know the ford one? Argo ai?