I'm a SWE at a well-known big tech company (posting as New for anonymity). I'm considering an offer for a fully remote position at Gusto. Their TC is lower, but it's going public soon. What is your opinion considering only the TC and Gusto's potential? Also, can I negotiate Gusto offer? My Gusto recruiter is very adamant and unwilling to improve the numbers. I really like the company as a whole and its growth potential, but I'm also hesitant given the TC cut. Your wisdom is much appreciated. TC: $380k #software #swe
Off track question: How you can post as New when you signed up on Blind with your big tech company email address
Not possiblr
Why do you want to leave your current company? If you are taking that much of a haircut on TC, then you should have a good reason (remote, career growth, current job is toxic, etc).
Why would you like to cut your comp? Unhappy at your current job?
Besides remote, I don’t see anything else that’s great about Gusto’s Ofer. If gusto can maintain their valuation after going to IPO, that would be a stretch goal considering current market conditions. If you think Gusto will appreciate by more than 2 times to match your current TC, then I got a bridge to sell to you.
How do you know it’s going to IPO soon, considering market conditions?
yoe?
Taking paycut and also switching out real money at public company for fake money? Hoping for a huge upside? What does gusto even do? What is their product? Is it GenAI related else how can you be so positive?
Relax and chill dude. The OP simply said he’s considering. So many twisted trolls in blind lol
OP posted looking for opinions and i gave mine. Actually i looked them up and they are #3 in payroll behind ADP and paychex. Their product offering checks out. Paycut and paper money still a -ve. Voting current company
I know at least 4 execs that have left Gusto YTD. That historically means that the path to an exit is 3+ years out. If you can’t get better comp, stay put unless you want to spend 3+ years for the cliff on exercising your stock to expire.
Can you please give more explanation on execs leaving = 3 years wait? Which are the other examples that you have seen?
You have a 90 day exercise period for vested RSUs if you stay <3 years if you stay 3+ years it’s 10 years. So basically you have to pay gusto for your shares within 90 days if you leave within 3 years. As for execs just about every eng and product exec hired in the past 3 years have left along with their chief legal officer. More exec departures are expected. You may want to ask the recruiter why so many experienced people have left. And what’s the plan to take back the market share Rippling has taken.
IPO at gusto has been two years away since the last five years. Don't count on that to be a given. Also, gusto does cost of labour based geo-pay, so your offer is highly subjected to your geography and level. If you can share more details I can share more info. Personally I will not take a TC cut especially if it swaps your public stock with monopoly money.
What do you think the TC range will be for senior engineers in MCOL areas like Dallas? Going through the interview process
I don't have to think, I know these ranges. L3 is considered senior: - 135k-190k base (depending on your seniority) - 240k RSU 4 year vest (non negotiable) - 80k refreshers - up to 25k joining bonus depending on how badly you're needed or candidates in the pipeline. L4 is considered staff but I'll rate it actual senior at most FAANGs - 160k-220k base (depending on your seniority) - 390k RSU 4 year vest (non negotiable) - 130k refreshers - up to 50k joining bonus depending on how badly you're needed or candidates in the pipeline pipeline.
Fitness
Yesterday
1216
Does cardio help for weight loss ?
India
8h
677
Rahul Gandhi is poison but the people who believe in him are a lot worse
Tech Industry
Yesterday
1740
Is filling for divorce reasonable given my situation
2024 Presidential Election
Yesterday
246
You get what you vote for
Ask Blinders
13h
565
Why no one cares about the lives lost in Gaza, Israel and busy in their own lives?
To each their own, but that TC drop is brutal. Are you relying on the stock price going up post IPO? Most of the start ups are overvalued and very few had their valuation adjusted to the macro. Did Gusto had a down round or valuation adjusted so you have the upside?