Got a L5 offer from Meta, TC: $410k. Currently a L6 PMT in Amazon, TC: $350k Is it safe to join Meta now? Please comment on Why/why not. Some say its a sinking ship, some say its a huge upside from here.
The difference in TC is not that big for you to make that switch. Wait for better offers. And especially sentiment with Meta stock isnât that great too currently.
Thatâs my initial offer and still negotiating. At what difference in your opinion would it be worth it.
I will say atleast 100K; but three things to consider on top of that - 1) Whats you are looking for in your next role besides TC - Wlb, location? 2) How far you are from l7, if you are on a track to achieve it in 1-1.5 yr than it may make sense to get that title and move at E6. 3) if their meta verse bet doesnât play out, their growth can really be stagnant (my personal opinion).
Whatâs a PMT?
I believe itâs a product manager - technical
Another layer of BS amazon tries to add to give the illusion of some trajectory from being a PM to being a manager or âtechnicalâ. Itâs actually pretty hilarious as an engineer watching people fight over the T.
What's your objective to switch?
check on their perm issue, only applies if you need perm+i-140
What is their Perm issue?
Do Meta applies your I-140 the day you join? Or is there a time period you have to serve in the company for that?
get a $100k signing bonus on top of that offer and then take. $60k may not be worth the hassle of switching.
I agree with people saying it's not enough to switch if TC is your only motivation. However if you are looking to change for other reasons it could be worth it.
I would switch for a couple of reasons: - stock at all time low. Getting a 700k grant at this price seems like a no brainer to me. - with stacking refresher and some stock growth i wouldnt be surprised if your yr 3 and 4 could get to 600k+. (Been there done that)
Do you believe in the meta verse and that meta will be successful in the meta verse? Thatâs their big bet and if it is successful they will be easily 4-5x their current price. If it flops and if tiktok and YouTube takes over most eyeballs then meta can drop a lot in the future. Instagram is still a very strong asset though the core Fb product is going to start declining as time goes by. I would not bet too much on their core FB app growing.
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Best time to join. Stock price in the toilet. Only upside from here (imho)
Why do you think it wonât further go down?
This is not the way to think. There are enough macros with the war, inflation, competition concerns that could cause Meta to be down over next few months but think 5 years out where you see it and make your judgement. If I was you I would think there are many catalyst that If worked out could make Meta to be couple of trillion market cap company. If they donât invent they have so much cash they will buy and grow (see Instagram returns compared to what they paid) - either way I see them be bigger and better in 5 yrs from here.