I have accepted snowflake offer but having second thoughts whether to proceed or drop. How is the culture ( pip, layoffs) ? Recent stock drop is almost half . Any suggestions please Role : Solution Architect (i think it tags to ic4 ?) Offered TC : 210 K (with 150k in RSU/4 yrs) Loc : Its a MCOL city Current TC : 155k , but if 401k benefits are included it comes to 180K (one of major stock broker) and role data platform engineer. Only reason I accepted is cos of better brand than my current employer and remote flexibility. The difference in comp is not huge. Yoe : 8.5 Ps: i am not working at cognizant any more. #Snowflake #snowflakecomputing #tech #solutionarchitect #dataengineer #DataArchitect
Make it a poll
You got me there for a moment with 180k and Cognizant, until I read the PS part😁
No pip, no layoffs at all. Great time to join as you’ll be getting great stock value. Your first rsu won’t vest until next summer year so you won’t have to worry much. If you’re happy with the base, go for it.
Amazing time to join. Massive upside to the stock price for sure. If you won’t join, buy and hold $SNOW
There are no 401K benefits. RSUs seem low, what IC level is this
Not sure what level is Solution Architect tagged for , this is the final numbers after much negotiation unfortunately. Many mentioned i can ask for more rsu , but they didnt agree to increase any.
They’ve been hiring like crazy & looks like they’re not super lenient like before. But with the stocks being on discount, It’s not bad.
SA?
Solution Architect
210k for IC4 is low. But with stock price, your TC should be a lot higher next year (hopefully)
Snow is still overvalued, so it can still drop after u join btw. Especially if/when we enter a bear market. There is a lot of hype around the stock. Realistically speaking next 5-10 yrs growth is already priced in. Their own 2029 target is $10B in revenue. Even at 10x sale’s that’s a $100B valuation FOR 2029 !! With rising rates u dont get 20-30-50x multiples on stocks. So unless jpow takes rates back to zero, stock probably not gonna go up a lot anytime soon. keep that in mind.
Go for it, good time to get food rsu price ...be bold when others are fearful
Yoe?