I heard that SpaceX has a high turnover rate. Anyone know if this is true? How competitive is the pay for sw engineers?
Will match TC from a lot of places, but with mostly paper stock. Competitive compared to most of Los Angeles, but not the bay area. Turnover isn't that bad, but people tend to drop off when their initial stock offer fully vests
Yes, turnover is high at Musk companies. Compensation is meh, actually bad if taken into account actual hours worked.
Yes it's high. Half of those that worked at the company the day before I was hired have left in 4 years. Many addional people hired after me have come an gone in 4 years as well. Which means the turn over rate is higher than 50% in 4 years. A well education approximation would be at least 15%per year. How do I know? The company used to give out mission patches of every launch with your seniority number on them which would decrease every launch as people who were more senior than you left. Of course budget cuts over the last 6 months took away this "perk". Oh and the stock is a whole other topic.
I'd argue that it's not budget cuts, but rather the sheer number of launches we are doing.
False. After all of the layoffs they started cutting alot of "perks" and this was one of them it was even pitched as cost reduction. We launched more in 2018 as well as in 2017 than we have in 2019
If you're a SW engineer why would you want to work for a hw centric company? You won't be working on cutting edge sw tech nor will you be the center of attention for the company. Go elsewhere unless your desperate. Turnover is VERY high. Burn out is extremely common. Perks suck compared to just about any sw company (well maybe not Amazon)
I haven't seen a terrible turnover rate, it was higher at Netflix. Pay is mediocre, they will often match your current base pay and then give a fairly average stock plan on top.