I have recently received a job offer from a well-established, profitable FinTech company in Europe (there are two prominent names in the sector that you can easily infer). Presently, I'm serving as a Senior Software Engineer at Twilio Europe. The FinTech company's offer includes Restricted Stock Units (RSUs) equal to those offered by Twilio, even though the value of the original RSUs at Twilio has decreased by 30%. The adjustment due to the refreshers has, however, balanced it out. On the downside, the cash component of the new offer is a net 10% cut compared to my current compensation, but this isn't a major concern for me. As an immigrant, my priority is job security as it's pivotal for my permanent residency. Given this scenario, would it be a good decision to switch to the FinTech company from Twilio for job security? I still love Twilio and have been here over 1.5 years now, survived two layoffs, not sure if more are coming? TC : 180K #twilio #layoff #severance #europe
You mean your RSU grant has decreased TO 30% of the original since you say you joined 1.5 years ago. I would not hold my breath on Twilio stock going anywhere and divestment/ acquisition is the only path forward. Twilio isn’t going to give you peace of mind. Look around the macro is bad but not as bad as our performance. I’d quit but need to stick it out for visa reasons for a bit.
If you're unhappy and not able to do your best work, then leaving isn't a bad idea. You should be happy with whatever you do in life. Realize the difference between a tech company and a Fintech company. The work is different, the environment and culture will be very different. You probably won't have the same status as an engineer on the company totem pole. WLB is different, if that matters. Go in with your eyes open.
I’m actually pretty as a Twilion, low key proud even, but the recent layoffs along with the all the negative news really messed with my brain. If I didn’t have the immigration axe over my head, I wouldn’t have even thought of leaving tbh
*pretty happy
There isn't a point in sticking to twilio if you are mid career employee as there is very low possibility of big gain in stock value. If you are someone who hasn't made big bucks in your previous startups or hold options then you shall definitely look for promising company. Most calm and not giving a fuck kind of employees have already made their money so you might always be pissed off as you would feel you are the one putting in a lot of efforts perhaps performing over your grade still the outcome wouldn't be a big gain , just your manager would use you to anyhow get things done , more you do the more you will be pushed and in turn you would feel anguish towards others in team who might be at a different level of their phase of life, where they don't care much and made their big bucks in one of the ways earlier startups or bull runs. If you are young and passionate and you have it all , try to pick up better companies and startups to suit your needs , possibly where you can make your million within next 3-5 years. Don't be mad at people who look relaxed , stay quiet and move swiftly. I say this because I have couple of young folks in my team and I am sure they might feel , we are not giving as much as they are because we are seeing the politics and don't get played by management that easily. Goodluck and hope you understand politics of working in big tech.
Your TC , I believe it's annual not 4 years of RSU included is quite high for Sr level for EU location.
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Twilio growth will not be exponential. You have nothing to lose. Just move out to the new company . Why paycut on the cash ? You should still push for it to match your existing number at least. Each role will have a range unless you messed up in the interview and they put you to low range , which again can impact your promo timelines depending on your manager perception
Well growth is not a concern, nor is RSUs (for now). Only concern is if they would cut more deeper or no.