What the hell is going on with stripe compensation? I got an L3 offer of 320k which is laughable because it's less than what I'm making now so I told them they need to be at least at 400k for me to consider, which they declined. I'm literally looking on levels.fyi and all the compensations are like 500k+. And they're offering me 320k wtf?
may not be in this market!
After their valuation got cut they started lowballing. The fact they have not gone public yet is a red flag
Long term bullish on Stripe.. Block needs to pivot soon or we are gonna eat your lunch mate.. I used to be Square fan but it’s been a downhill journey for you guys.. Not a good time for any Fintech to go IPO, nothing to do with Stripe
Why not? Genuinely asking
Gravy train has stopped. Same thing is happening at OCI. New hires don’t make the same as existing employees on older grants.
I think the same is happening everywhere. Microsoft new hires aren’t getting the stock grants they were from 2020-2022. Welcome back to reality folks. The market will probably get a BIT better here in another year, and return to pre-2019 levels, but the pandemic boom is over.
Well, it used to be the opposite not too long ago. Old employees got screwed, while new employees at the same level made 30% more. That's why you had to switch in 2021/22 if you were at your old job for too long
Can you break down base / equity / bonus?
New Comp Ranges have been reduced to 🥜.. this has also led to disparity between Stripes who joined pre-2022 and after..
Is valuation the reason for comp reduction?
Is the equity at least still valued at their really low raise round ?
This is the case at all companies anecdotally. Existing employees on massive grants will be allowed to vest but ain’t nobody getting those phat grants. If people don’t like it they can leave. New employees getting hired on lower/newer salaries. Try and keep your job if you have one, vest existing grants and then prepare for lower salary. Exceptions are top talent and maybe meta etc. but avg companies it’s gonna be lean.
I interviewed at Stripe and had one the worst interviewers I had ever experienced. The question was unclear and he was adamant on not explaining it to me and actually got excited when my output was wrong.
He was probably an ex-Amazon employee
L1 offers are 150-190k | Base 120-140k L2 offers are 220-250k | Base 160-180k L3 offers are 280-350k | Base 190-250k They can easily pull more talented and experienced people than you at 350k who can get the job done. Come out of your bubble. 350k isn’t peanuts. It’s a lot for a senior. 99% of the Senior Engineer make less than 350k so not very hard to fill the role on top of waves of laid off engineers whose expectations have been reset. 400k+ you gotta be staff Eng or recruiters be like gtfo
ranges are very team and org dependent. Eng ranges are certainly higher than these. These might be realistic numbers for non-tech roles outside Eng (finance, marketing, design, regulatory compliance..)
I’m talking about eng range. Had recruiter conversation so ranges are fresh asf
The salaries that are most relevant are those from the last 6-12 months, generally. Old data is not very useful.
Man I have a compensation discussion call with them this week. Hope they don’t lowball me too. Mine is L4.
So how'd it go?