For folks, who are not aware of these companies new RSU policies, here's it in the nutshell. 1) Fixed bonus amount given in the form of stripe/instacart share. No stock upside to capture! 2) This shows it's not about having employees part of the company success and more about delayed bonus payout in the form of paper money. 3) After Airbnb and DoorDash blockbuster IPO's, Stripe/Instacart founders don't want engineers to cash on their hard work, and limit the company success to the company execs. Some Stripe employees will come and defend this POS policy saying it protects you from the downside. No, if there's a downside - you're more likely to get laid off than them protecting your ass. Let's teach the lesson to Stripe/Instacart leaders before this gets normalized across the industry. Boycott interviewing at such companies which don't care about employee success. #### Update: - The traffic on this post is tremendous, keep voting and commenting. - Stripe/Instacart/Lyft/Snap execs need to know they're hated. - This is a virus that might infect other companies, we need to kill it before the widespread. #tech #stripe #faang #rsu #boycott
or just tell them to fuck off if they pull this bull shit at the offer stage
Yeah this is the better approach tbh. Treat it like a mock interview, maybe use the offer as leverage
I like that, Travelport. I'm actually going to apply now.
OP curious how is the refresher policy at Apple ? Is that similar to the new RSU policy you mentioned above ? I know Amazon has a poor RSU refresh policy, but I am not aware of policy at Apple. Heard FB/Google have good RSU policies too.
Apple, Google, FB have the best refreshers in the valley. FB > Apple > Google
Ya I am more curious about the refresher policy at Apple. Is it different than the new dollar based policy which Stripe/Instacart have introduced ? For example, if you get a refresh grants of 100k, would you get stock units allocated upfront or will it be 25K worth of stocks at the start of every year ?
People should reject offer if they say this bullshit at offer stage.
That’s a good point. They are restricting potential upside in the name of protecting downside. Everyone should boycott before it becomes industry norm. 💪💪
what OP is actually thinking
lol
On a serious note - John Collison did arrange 'Chat over coffee' for EMEA positions in the last week. Did not find it exciting for start-up like Stripe.
I won’t work at either after reading this. I wouldn’t before, but I still won’t.
-Mitch Hedberg
We need everyone to continue working there. Till the merger with PSTH is done.
I thought Stripe was doing direct listing
Yeah now this makes me think its Stripe/instacart merger
There's not really much upside to joining this close to ipo anyway
Wow that’s some grade a bullshit
I think it's more important that current employees take action than applying ones.
Current employees who joined before Oct 2020 aren't affected by this, so they don't give a f9ck. This policy is targeted to the new hires specifically.
Ahh I see. Fair enough.