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I have worked at TikTok US core tech for 3 years. AMA.
A friend got an offer here for a Senior position in the Bay. We're in Seattle. Their offer is pretty low comparing to the others in my opinion. Senior engineer position: 125k + 20k sign on + 8000 stock option. He hasn't negotiated and has 3 years exp. The stock he has to vest and buy it later. They say they're pre ipo company so the stock may fill the gap... Just wonder when they are gonna IPO. Google search and I can see they've been talking about it for years. I haven't researched about salary for a while and have no idea if Glassdoor ipo anytime soon, so to help him best I post it here.
Rolf 3 years experience and you think 3x the average us family of 4 is low? That's amazing offer.
said otherwise I'd suggest the focus be on greatest learning opportunity over stressing about trying to get a slightly higher salary at a big co...
Glassdoor is not fast growing startup by any stretch of imagination. It has been around for ages and I do not see much upside potential left at this point. What unique learning opp at Glassdoor?
I don't see them IPOing anytime soon.
Finally someone really answer our main concern...
What is the current valuation and strike price of each share? Unit count for options isn't enough information..
No idea. Last round from Google valued them at 1b
you should ask how much each share is worth. they could be worth $.01 each or $50 each.... how are you going to evaluate an offer without knowing? 1 billion valuation is nice but you dont know how many total company shares there are.
Wow that total comp is pretty lame... fyi. Although gd has been in top 10 companies to go to IPO for many years, I don't think they will go to IPO in a few years... I won't spend ~2-3 months salary to buy the stock.
He ain't the only one asking this question. Btw-what team will be be joining?
We use my account to not even disclose his current company :) look like people at GD also have no idea when the company possibly goes public 😂
Nobody really knows when it will go ipo. I think everyone wants it to go ipo as soon as possible but the company needs to show serious growth revenue wise and the market has to be in a good state. I think some combination of the two has kept it ipo off the table so far. I think it will either go ipo in 1-3 years if the growth is there and the market behaves. As for comp, that is not senior comp but the starting bonus is nice. The starting bonus usually has a probation period of him staying at the company, I think 2 years for 100%? Tell him to double check the offer for all these details. While GD is in the Bay Area, it is in the North Bay and it is very easy to find cheaper apts in the north bay.
I am interested in Glassdoor, can someone hook me up with a recruiter please?
I think GD is a great company to work for. Ive been here for 2 years and still loving it. The people here in engineering are great and your friend will get to learn a lot. As others have mentioned, the salary sounds about right for the experience. Yes, if there is a potential liquidity event, the stocks will more than makeup for the lower salary. I cannot really comment on what that may/may not be. I feel like they should take it up and see how it feels after working here after some time. If they want to move later, there are lot of opportunities in the bay.
it is obviously not a senior position, not enough experience and the salary shows it
Agreed that he's not really senior title. The compensation is right for 3 years exp? Also will GD ipo anytime soon?
Don't think they'll IPO. Salary would be higher at goog or fb but probably about right there