Hello folks, an Ex Amazon SDE who recently got laid off. I received several offers so far however I am confused between these three so far. SDE position offer at Flexport- Base $170k, Bonus- 10%, paper Money- $280k over 4 years. Location- Seattle Total comp- $190k ish excluding paper money HPE- Base- $150k, sign on- $50k, No RSUs, annual bonus is between 3-5%. Location San Jose. Total comp- $200k for the first year. Truist- Base- $150k, Sign on- $20k, No RSUs, Annual bonus- 10%. Location remote Total comp- $190k ish. I am currently based in Seattle and open to relocation to bay area. However, I am confused between HPE and Flexport. I like Flexport and their product from the interactions I had during my interview. However, HPE will provide stability I feel as compared to Flexport which might be a high growth company currently. But on the other hand at Flexport , I think I will grow more. Also, is it worth taking the risk with Flexport going IPO soonish? Does anyone have any idea about that? I also liked Truist’s offer but since I am on student visa with just one attempt left at H1B, Truist is not inclined to relocate me to another country if my H1B doesn’t get picked. Where as, I have seen Flexport had global offices and so does HPE. Any advice on this matter would be appreciated. #engineering #software #swe #flexport #hpe #compensation
Flexport. There is great chance that your paper money will become real money
I love Flexport. Non tech here, but you’ll get to work on interesting / challenging problems and the culture is laid back. We aren’t close to an IPO though and your paper money is valued at $14 / share. This valuation was given at the literal peak in Nov of 21 and it isn’t an option with a “strike” price as I’ve heard of some recruiters saying just straight equity comp in the event of a liquidity event. I would heavily discount that and really only count on your base. No clue what the exit will be but I highly doubt our RSUs hit $14 / share. Good luck!
The annual bonus provided in the offer letter is accurate correct? Has the bonus ever been low then what they said? Ofc it depends on performance too.
It’s 10% of your base and calculated by the companies performance against its own projections which has been over and under in the past 12 months with a high degree of variance most due to market conditions. Flexport is a freight forwarder first and foremost not a tech company as much as Ryan wants everyone to believe it is - I’d advise you look up what’s been going on in the freight markets over the past 30 months. Hopefully projections (and therefore bonus) will be more dialed in this year.