For all tech workers who get heavily paid in equity, what did your company do, to offset the stock price slides? Just trying to collect information here. So please no judgements 🙏 TC: 550k(not at doordash)
They don’t.
Adding my experience. Work in a small company now. Earlier stock options are worth 0 now. But company compensated 90% by new RSUs granted.
Across the board or only some roles? How much of an increase was this compared to doordash TC?
Across the board, but did not disclose who got what. TC was 33% more than DD before crashes. Now post crashes, TC is 90% more than DD, assuming DD wouldnt hv given extra grant
Snap supposedly
The same thing they do when they give us stocks and the stocks rise a bunch
you misunderstood the concept of equity based compensation.
They are not required to
They will do nothing. Equity based compensations are always subject to market condition. Every one of us signed multiple legal papers with exactly these clauses.
Nice rant. But didn’t get the idea why you would call others mr obvious where ur whole point is basically: “Companies don’t value top performers. Job hopping is good” which is true and known to pretty much everyone in milky way.
Microsoft: even your job contract doest force you to work for 4 years. If my equity drops, i can switch, and find a better offer. The original company will hv to shelve far more to a new hire. So it may make sense for company to compensate you
Where are you now? TC with no company name is useless
Robinhood gave additional equity for this year to match your target comp. They gave top ups few times.
So the target comp they gave before the crash is still sort of being met?
That’s true for me from August 2022 to Dec 2022. For 2023 I will see what they do. During August they gave everyone additional equity to meet target only for 6 months(2nd half of year).
They laid us off