If you were hired when stock price was below 100, you are a better talent than OpenAI or RenTech or Citadel If you are hired now, you are basically at Amazon (work hard, pip hard)
Definitely if you joined Meta last year when stock was <100 and everybody was dunking on them, then you either have a really big 🧠 or really big balls.
I was part of the almost last hiring before the hard freeze There were few positions and opportunities to be allowed to be hired when the stock was at $100 there was a cutoff end of September. I recall new hires starting for 4 days then getting laid off at those times.
Yeah it was way too cheap. It was the lowest price since 2015, when revenue and profit were way lower. But I’m willing to bet that most people here didn’t buy that much. Probably most people didn’t buy any. I think I saw a post on wallstreetbets claiming that he bought $39k of Meta leaps last November and sold them a few weeks ago for $2M Out of curiosity, since you pretty much joined at the bottom, what’s your TC now at the current stock price?
They weren’t hiring when stock was at 100 though
There were definitely people who signed offers a few weeks/months before the big crash so their start date just happened to fall in the period of time when the stock was down. The stock crash was actually really sudden. I think it can’t be a huge number of folks who got that lucky though. Probably a lot more people did join when the stock was like ~150.
“you are a better talent” is inaccurate. “Make more money” is a more accurate statement. Even then, I still don’t think they make more money than RenTech. For example - Assuming 400k grant x 4 = 1.6m grant ~ 600k TC RenTech makes more than that OpenAI TC is also 900k
And a 1.6m grant is E7 territory for Meta. Very few on blind in that category.
Zoke cant do math…
Yes, Meta R&D isn't influenced by a parent company like OpenAI. Meta R&D is more mature than OpenAI. OpenAI is like an OF thot in her 20s. She's in demand now, but at 30, she's low value and clapped out like a 92 Honda
comparing meta to Ren tech is a joke
Agreed. Rentech is in a different galaxy than Meta.
If you are laid off you are worse vs rest of i dustry
E6??
Not sure how all the people who joined meta during the layoffs are able to walk with their steal balls
Idk about open AI but you are absolutely not better than Citadel, let alone RenTech lmao. What a brain dead post.
dude come on they're better engineers than citadel. can't compare to the quants but the swes?
For new grads the better talents go to HFT. Pretty sure maxed out new grad offer for 2023 is like 575k at top firms with a 250k base
Meta hasn’t innovated anything in ten years. When they tried they wasted billions and almost destroyed the company. They they went back to selling peoples data. That’s all they do.
They literally lost $3.7b on the Metaverse this Q still. People are just retarded and forget they’re still a cash cow. Bean counter MBAs hate any significant R&D. The fact the stock dropped 90% and rebounded 350% when the fundamentals didn’t even change except a layoff just screams market manipulation.
this coordinated effort to show that tech companies will bow to the will of wall street Meta google apple etc didn’t need to do lay layoffs whatsoever