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Who are these retards asking for dictatorship in India?
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The end of Backdoor Roth?!
Tech Industry
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Asians - what are your thoughts on asian female white male ?
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India
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Modi is a legend, will be remembered for centuries to come
I don't have all the details but they're changing the compensation structure and its good news for the existing and future employees. Old RSU distribution: 15/25/25/35 New RSU distribution: 20/25/25/30 Old Vesting schedule: Yearly on the work anniversary New Vesting schedule: 12 month cliff and vests quarterly Old performance incentive: Was not clearly laid out but they did give out better yearly bonus and rarely give peanuts RSU New performance incentive: Laid out more clearly and will give out additional yearly bonus and stock We should be thankful at least on this instance. #ByteDance #tiktok
Oh wow this is a massive change. I just turned down an offer from them because this vesting schedule was awful and felt like the bonus structure was too arbitrary. This is good to hear
I'm pretty sure you can contact your recruiter and see what's up
It’s all good the TikTok total comp package was still lower than the base i was offered at other companies 🤣 objectively awful offer. But I can consider them more in the future
Ok vesting is different but what about actually selling? People were saying things about selling only being allowed for a small fraction or something. The buyback
Buyback program is still the same I believe. You can sell 50% of the vested stock immediately and 10% the following years
10% per year? So five years to sell it all? That's not very great. I guess if they give rsu offer for about twice what other companies would offer it could even out.
Heard that from 2025, if you get a high rating, everything on top of 3 months(basic rating) will be paid out in RSU and not cash which is not a great thing🤷♂️
Agreed. Many people are not happy about this
Ok so Trump could shut it all down pretty easy. Not attractive.
With the new performance bonus, so they’re giving it in RSU and not cash?
The new bonus structure is way worse not better. Anything over 3 months bonus has to be paid in stock and has a vesting period up to 2 years
Oh was not aware of this. Bummer
This. OP add it as an edit. This place operates like china. Shady, self serving and blatantly pretentious
Does ex-employee still get a lower buyback price? Plus that they only allow you to participate in buy back a portion of your stock per year.
Wow that first one is a real ball buster.
Is it a good place to work?
@meta Hell no! Stay away if you value your sanity and mental health.
No
What do you mean by 12 month cliff?
First year vesting after 12 mths
I dont even have RSUs to begin with. Sigh..
You got hosed somewhere along the line
wow did they really stagger rsu like that before? lame
Better than Amazon I guess lol
😂😂 truu