Wondering if Square employees have been leaving due to stock drop? Is that the major reason Square Is still hiring? Did leadership mention any plan to give out more stocks to old employees to make up for the stock drop? Tc: 265k after stock drop 2yoe
Square employees are leaving, although at what level it is hard to say. Management is claiming that attrition is at pre-pandemic levels, where anecdotal data among the engineers is that it is happening at a higher rate than normal, and specifically with the senior and staff engineers. Leadership specifically said they won’t help old employees (this includes people who joined in April), and they understand if people need to leave for financial reasons. Refreshers will happen during annual review next April. Couple of things to note: I know of two teams in my division in which all of the employees left (6 from one team, 5 from another), and the new engineers are now in charge of figuring out the code base and maintaining it.
https://www.teamblind.com/post/Square-started-giving-all-employees-RSU-equity-grants-Thoughts-8bpMTRWQ saw a post saying square is giving RSUs no?
They told us on Tuesday that they weren’t doing this. Interested where this person heard that, but I assume it isn’t true.
They leave in blocks?
I don’t understand this post since it is missing tc and yoe
Yeah, folks have been leaving. Shitty comp after the stock drop is usually the main reason. There will be another round of departures after promo wraps up.
We’re leaving. Senior engineers are being paid less than new hire new grads due to stock drop and leadership said “deal with it”
Newgrads are paid 165k, don't think seniors can be paid less than that since senior base > 185k
Square is still growing headcount some, but yes folks are leaving. TC drop is bad, but most people I know are leaving for other reasons. I know several people where the lead and skip both left, so there's no effective management, and they got frustrated. I think hiring freezes and economic situation is scaring a lot of folks who would leave into staying
I am joining soon. Wondering if the stock will drop further after earnings
Leadership 🤡🤡🤡 said multiple times that they don't give a shit about low TC of current employees.
SQ got bloated over the past couple of years. Lots of politics and rest and vest guys who don’t do anything and are not getting PIPed. They are the most difficult to work with since they say nah to everything. Many reorgs lately, and more and more emphasis on the process rather than getting shit done. Used to be an excellent company pre pandemic, now it looks more and more like a bloated big corp. Someone said like Amazon. If you want to do little and get paid, SQ is awesome. If you wanna innovate and build, and by build I mean build fast, go somewhere else.
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They don’t leave square. They leave block
I am just gonna ignore the sexy names like "block", "meta", which are just there to seize investor attention