I recently passed and got into Snap and Google for L4. I have end of next week to decide for both. The Google offer is first year 300k/yr. It includes 25k sign on, 230k rsu over 4 years (Google does 38% each year and has refreshers that aim to hit 38% again for next year), 165k base pay and 15% for median bonus base pay. Without the sign on, for next year if I'm still L4, it'll be 275k. Google stock is close to ATH. The Snap offer is 360k/yr. 183k base bay and 534k/ 3 yrs. Snap is at march 2020 pandemic lows. Which offer do you think is better? Or do you think I still have more to negotiate? Google doesn't know yet of Snap's offer. If I can get Google to bump their offer, how much would you ask Google for given there is more safety at Google. Both Google and Snap's matched teams seem safe with good job security, but I feel like Google's team is safer. For anyone at Snap, how is the general landscape like currently? #snap #google #tech #L4 #offers #300k #360k
Snap offer is better
Take snap and go work at G in like 2 years
Easily Snap, no question about it. G isn’t worth it under L6 or at least L5.
What are locations and teams? Remote?
Money wise Snap will be better, but it’s an extremely toxic company with very bad wlb. I wouldn’t have chosen Snap if someone has told me this. Google is a much better company to be at, esp when recession is looming
I've commented on threads like this a lot, I know, but at this point, it really feels like an ethical obligation to let people know what they're getting into if they come here. HR and any team desperate to fill a role for someone who was either laid off, fired, or tired of the BS from the execs will say whatever to get you to come here. I think the pandemic lows are close to our real baseline. 2021 was an aberration for us like everyone else, just more pronounced. Check out the overall performance since the 2017 IPO (down ~65% since then, according to Google's stock tracker). No one I know here seriously thinks there's much potential for it to go up in the long term, aside from transient spikes from volatility, and the remote possibility of a US TikTok ban being both passed and upheld in court. So the stock part of your offer is probably an upper-bound estimate on what you'll make. And it could easily drop to less than half that by the end of those grants. Usually it's at its highest right before our earnings reports, after which it drops by something like 15-20% or more. That happened 6 quarters in a row in the last 1.5 years, but to be fair, our report last week didn't move the needle much either way. The CEO (who has super-voting shares and can't be removed) is making comments about how the problem isn't that his strategy (supposedly he has one) isn't working, the problem is lazy engineers and others, who aren't working in the office at 7PM or later in the evening. (I'm not joking, he actually said this almost verbatim in a Q and A meeting.) So people are leaving (including me, soon) due to worsening WLB, dropping comp, and the overall disrespect the supposed leaders here are giving towards the people who do real work. I've been looking more at the macroeconomic analysis/conditions, and I'm pretty sure this company was always an over-hyped, zero-interest rate phenomenon, just like a lot of the startups that are dropping like flies because they can't basically borrow money for free anymore. And people are spending less, so advertisers have less capital to spend on ads, so they're dropping less cost-effective ad platforms (like ours). Since most people think the interest rates will stay high for at least the next two years, think about how that's going to effect Snap's ability to survive. Also look at how Meta, which faces similar headwinds, also saw a rise/drop in their stock like ours in the last two years, but managed to recover pretty well, while we're floundering around where we were after the plunge from the ATH. So it's not impossible to survive in this environment, you just need competent leaders to make hard choices to pull it off. We don't have that ace up our sleeve. Some useful links: https://archive.ph/R7T0F https://archive.ph/TqtNB Also see my comments below on another thread about how they're going for "voluntary attrition" via mandated RTO, the new quarterly "review" system designed to help force people out whenever they need to without layoffs/severance, and how a lot of the best people who've been here for several years are leaving because their stock comp is dropping >$100K due to grants from when the stock was near its ATH in 2021, etc.
P.S.: Google's stock trends look similar to Meta's over the last several years, so it also looks like they know how to handle the macroeconomic conditions. I wouldn't wager on their stock going up much, but it's way more likely to do it, or at least stay in the current range, than ours in the foreseeable future. I know there's always a risk of layoffs, but that's true here (if they can't get enough people to quit or be pipped), and at least Google isn't likely to evaporate sometime in the next decade. So if you don't get laid off, that's another problem you won't have to worry about there.
Also check out all the Snap people's responses here. Pretty sure a lot of us feel guilty if we don't provide full disclosure to someone considering jumping on the garbage pile... [Blind] Check out this post! Need Snapchat referral for data science position (Jobs & Referrals) https://www.teamblind.com/us/s/qnTBBcQO
Go with your gut
Snap is like Juicero. Not like Meta.
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It’s amazing that people believe that Snap can come back to its high or even stay at where it is. You know 534k can go to Zero?
It can
or it cannot