Fitbit Compensation Breakdown and Unvested Equity Considerations Pending Google Acquisition
TC: 210K YOE: 12 Non-Tech I’m currently interviewing for a Director level non-tech role at Fitbit. Thus far the recruiter and I have not discussed compensation expectations and I don’t want to be the first party to bring it up. I have questions about Target Bonus and timing, RSUs and Unvested Equity provisions with the pending sale to Google. I’m curious what is the director level target bonus. Is it 10%, 15% or 20%. (At Facebook, I was an IC5 where we got 15% depending on multipliers ) Also, what time of year do the annual bonuses get paid out? If the transaction closes in 12 months, that would put it right before the 2020 election at the beginning of November. It would seem plausible that existing Fitbit employees may miss out on a bonus cycle if it falls in a limbo period after becoming part of Google and being too new to evaluate under google calibrations. Given Fitbit is being acquired by Google if the DOJ does not block it (Google’s Looker acquisition is still under review by UK watchdogs despite the July announcement), I’m curious if Fitbit’s People team has communicated to employees what will happen to their unvested shares. I’ve heard in some situations, unvested stock gets converted into the acquiring company’s stock. In other situations, all unvested shares immediately vest for cash. Has the management team clarified what will happen? Also, has anyone here been hired at Fitbit since November 1 when the acquisition was announced? #Google #Fitbit #Nest #Looker #compensation #unvestedRSUs @fitbit @google
Unfortunately, PayPal is correct about blind being a pretty poor place for your (great) question. It also doesn’t help that you’re non tech and the majority of blind is tech. One of the questions will be how Fitbit levels map to google levels. Google L7 tech makes 25% bonus, and directors make more but I’m not sure what. Googles bonus is communicated in dec and paid in January. I wouldn’t expect the integration to immediately result in a structural change. It’s also possible that Fitbit will continue to operate independently for some time even within google.
Fair point. I would imagine this role would Map to Google L5 or L6. I’m familiar with the bonus levels there. That said, Unvested RSUs impact tech and non-tech Fitbit employees equally.
If your Fitbit Director role maps to director at GOOG you’re in for some money. Like $335k + 35%bonus + $2M stock. My guess is that Google will impose their comp structure on FitBit no matter what.
No way it’s a google director level role. I met a director on the panel interview. If she was at FB, she’d be an IC5 or IC6 at best.
That’s what I figured. I was just trying to be optimistic. :).
Why don't you just ask the recruiter
Fiscal year is January 1st to December 31st, and bonus pays out in mid March
Are you at Fitbit now?
Who the fuck do you think is qualified to answer this question on blind? lol
Whenever a big company announces a new location or major structural change like a sale, there can be communication to mitigate attrition amongst employees