Need some help to evaluate offers from Meta and Tesla for HW/PD. Meta: SoC HW (E5) Offer: 205/15%/600K (+50K sign-on) Pros: better pay and perks + 401K match Concerns: job security and WLB - they seem to be betting big on Metaverse but I have heard FB is pretty fast in cutting teams if things don't work out. Tesla: Autopilot HW (P4) Offer: 200/0/600K (+20K sign-on) Pros: know a few members on the team, so not worried about WLB, comfortable transition. Concerns: Not sure about refreshers and pay increments, seems bleak from the posts on Blind. Almost no perks or 401K matching. Leaning towards Meta because of pay/perks but not yet convinced about the future of the company (and the stock price!) - the transition from SW to consumer HW seems tricky. TC: 240K YoE: 7.5 #tesla #meta #hardware #offer
I don’t think they will be backing off on the metaverse after changing the entire company name
That's true - my concern is more about whether they will stick to their transition towards bringing chip development in-house.
HW meaning ASIC design?
Yup ASIC design/PD
Go with Meta. They're not cutting any time soon.
1 year later, I know where we are now lol
What does 200/0/600k mean? I am sorry...
$200K base salary, $0 annual bonus, $600K RSUs vested over 4 years.
Is this final offer or after negotiations?
This is kind of the final offer because Tesla said they can't go any further and since Meta is already beating that offer, I don't have any justification to ask for more apart from the fact that it would be good for me!
I see. And did you have to show Tesla offer to Meta?
Tesla stock is way overvalued and Meta stock is way undervalued. If Meta's bet pays off with the MetaVerse you're going to be rich af with their stock and even if it doesn't pay off, their stock is still very undervalued based on their core business (even if they keep wasting $10b on the MetaVerse a year). So looking at it any way there is a very good chance your TC will increase just because of their stock price increasing. Tesla on the other hand has to keep delivering the way it has just to sustain their stock price at where it's at. Couple bad quarters and their stock can easily take a 30-40% haircut. So forget about pay increases, you could be looking at a pay decrease. Meta looks like the easy choice here just going by compensation. And MetaVerse is a long term thing for Meta. They won't cut it off so easily. They'll atleast give it 5-6 years before they pivot if it's not working.
Are you sure? XD
Anyone know what is the annual refresher on stock at Tesla as % of base salary? I know they dont have annual bonus.
Do you want to build the future of energy and transportation or adding support for metaverse emojis?