Robinhood / Eng BAD TIMING

Everyone’s equity is down more than 50%

Now there are layoffs. Morale is all time low. Lots of people will leave in the coming months.

Additionally, assume bonuses and promotion budgets will be much smaller than previous years.

7d 12 7
- Robinhood jduaioei
  
  The equity grant was basically zero-ing out your next 2 years of RSUs at $20.
  
  So if you had $600k grants @ IPO price of $40 and our stock went down to $20, you’re at $450k. They zeroed out Y1 and Y2, which equates to $75k and you’re now at $525k. Sucks but okay.
  
  Now we’re at $10. $290k. Its worse the higher your grant value was as your Y3 and Y4 numbers are basically gone and have to rely on refreshers. It’s a bloodbath lmao
  
  6d 6
- Robinhood hood10O
  
  Depends on when you joined. If you joined recently then it’s not 50% drop. They offered good equity to new hires to give a little cushion in case it dropped. Yes, it still sucks we are down but it’s not 50% for people who joined this year. In fact if this is the bottom then new hires will make bank. Big *if* though
  
  6d 3
Amazon TTYoY

Likely. However, irrespective of the functions, why would you want to go to a company that’s spiraling down like crazy

7d 22 9
- Oracle / Eng Passit
  
  Does Yahoo still pay decent for the Bay area Software Engineers with 4-5 Yoe 🤔? Like 170-190 base and TC 240k or more
  
  Yesterday 0
- Yahoo lurker3210
  
  Yahoo doesn’t hire in the Bay Area unless it is for an IC5 position
  
  Yesterday 1
Robinhood ocdq75

Yes

7d 15 0
Adobe arrogand

They will just be bought by Private Equity or some big bank

No end in sight

7d 6 1
- Zebra Technologies WQAU43
  
  One can pray
  
  7d 0
Chime -02

Has Robinhood anything in the road map as product?
As far as I know they had no commission trading and then added crypto/nft

6d 0 1
- Robinhood ac2020
  
  Yes, a few big products planned for launch.
  
  6d 4

blind

FOLLOW US

Industries

Job Groups

Return to Office

Work From Home

COVID-19

Layoffs

Investments & Money

Work Visa

Housing

Referrals

Job Openings

Startups

Office Life

Mental Health

HR Issues

Blockchain & Crypto

Fitness & Nutrition

Travel

Health Care & Insurance

Tax

Hobbies & Entertainment

Working Parents

Food & Dining

IPO

Side Jobs

My Company

#Polls

Companies

Keywords

Company Reviews

Salaries

FOLLOW US

Do RobinHood layoff affect engineering?

comments

OPEN IN APP