How are the refreshers at Pinterest in engineering, is it a large amount compared to initial grant? Do you get a refresher in the first year?
Refresh ok; initial grant will determine your fortunes. Cash refresh solid upon promo.
Do you get a refresher every year? What is a cash refresh?
You get refresher every year. But make sure to ask your recruiter how long it take for those refresher to be vested. You might be surprised
You get refreshes. but likely going to be 1/10 of your initial grant. Then there's effectively a 2 year cliff before those refreshers vest, unlike Google which vest immediately
The target refresh is 20% of what we currently offer new hires in that level. As our comp bands changed as the business matured, people that joined a few years ago could be getting 1/10th of new hire because we offered much higher equity for a given level a few years ago. But we don’t try and target 1/10th.
HR - doesn't change the fact that a few years ago till now the actually value didn't change. So that's a bs reason and it's because so many people left that you decide to up the refreshes a little. Try also fixing the cliff problem. In reality you did not treat your old employees well and will continue to take advantage of new employees with schemes like these.
Yes I came from Google and I would say going to Pinterest was the worst financial decision ever.
Because of paper money?
Why is that, care to explain? Was it a lack of increase in share values compared to google, generally lower tc or is the work uninteresting?
Refresh vesting is a joke. Note that there is 1-2 year delay before the refresh starts investing. It is a delay which is worse than a cliff. No cash bonus for most people.
Thanks for being honest.
How is a 1-2 year delay different from a 1-2 year vest? Is it by cash value instead of number of shares?
Thanks Pinterest Folks for sharing the data. I’m not the OP, but some exec reached me to join an interesting ML project. I check 2018 revenue expectations ($600M), and feel current MC of $12bn already stretched. Those who join lately how do you feel confident on the RSU valuation. Should I consider it at 50% discount to match current FB rsu comp?
Tech Industry
Yesterday
1143
The end of Backdoor Roth?!
Tech Industry
Yesterday
3492
Asians - what are your thoughts on asian female white male ?
India
Yesterday
532
Who are these retards asking for dictatorship in India?
India
Yesterday
398
Modi is a legend, will be remembered for centuries to come
2024 Presidential Election
Yesterday
526
Heartwarming peaceful protests
Are you considering joining them? Do you have an offer? Share?
I am waiting for an offer and so i thought I’d ask here before making a decision.