I know I just posted one yesterday, but the Twitter final numbers came back much lower than what the recruiter said it was going to be (was targeting $400k + 50k sign on) despite using the Dropbox offer to compete. Twitter and Dropbox are both full remote, SoFi is hybrid. Location is Seattle. Twitter Senior: 190k/20%/550k = ~$365k + 50k sign on Dropbox IC3: 242k/15%/600k = ~$430k + no sign on SoFi Staff: 230k/15%/600k = ~$415k + $15k sign on Dropbox benefits are ahead by ~$11k a year in spendable cash, but Twitter seems to have 12 extra PTO days a year from speaking to the team members. I do feel more bullish about Twitter's stock performance compared to Dropbox's, but I'm not sure if I'm confident that TWTR will go up at least 35% ~ 40% relative to DBX in average selling price just to break even with the TC difference. Twitter recruiter was also trying to sell me on the quick staff promotion (<2 years), which would get me to the $430k Dropbox is offering. Wanted to see what the community thinks with the updated numbers! Throwing in another offer too. Blind Tax TC: 255k YoE: 4 #dropbox #twitter #sofi
Location?
Seattle, let me add that
Could you explain Sofi hybrid? like 3 days in office, 2 at home?
1 to 2 days in office, rest at home
Twitter is a cesspool.
Dropbox offer looks great. Congratulations! How did you convince the recruiters to get you to interview for Senior Software Engineer roles with 4 yoe. I thought 5yoe was a hard requirement for most companies.
I just applied and no one even bat an eyelash. I'm currently a senior software engineer, so I think that helped.
Dropbox has one day a month PTO policy. This is apart from the 12 PTOs. A pretty good benefit IMO.
Plus their unlimited PTO is actually unlimited. Multiple people I talked to said they took approximately 4 to 6 weeks off last year, not including company wide pto and holidays.
And 6 months parental leave for either mom or dad !!
Company outlook wise, this is my opinion. Dropbox and Twitter are pretty much in the same boat. I don’t think either stock is more attractive than the other. Twitter’s whole business model makes it really hard to monetize their platform, the past few quarters evidently suggest that. I’m no expert in advertising in social media so I can’t provide an insight into why that is, just like I don’t know why meta came out and said that Reel is harder to monetize than Story. They both seem to be short videos to me. Dropbox’s issue is that storage is a commodity now. Although the company seems to be pivoting to content collaboration, whether the strategy plays out in the future is uncertain. Both companies have solid financial so definitely a strong foundation for them to pivot and find more growth to their top line. Both are small enough to be an acquisition targets. Some acquisitions can seem unlikely now but doesn’t mean that I can’t happen as long as government is fine with it. For example, not far fetch to say google could acquire Dropbox or meta could acquire Twitter. Just because a company has a similar product doesn’t mean it won’t acquire a company that sells that similar product. There is a lot of other factors to consider beside what do we already have. Microsoft has always had a lot of gaming studios, doesn’t stop it from acquiring blizzard. None of us coulda predicted that before and woulda called the acquisition a far fetch dream. In conclusion, don’t bet on either stock to go up, you would be foolish to think so and just join the company that pays you a price you are content and like the vibe that company is giving out.
Thanks for the insight! Yeah this is how I feel about the two companies, too. They are both in a rough spot for growth, especially from a stock appreciation perspective given past performance. Price wise, I'm much more content with Dropbox's offer. That extra ~$50k in base salary is going to be very useful for getting a mortgage and making monthly payments.
I forgot to mention that I’m working for Dropbox now so my opinion is definitely not 100% objective
Can I ask what the $11k in spendable cash is with Dropbox? I heard about the 7k for food and stuff, what's the other 4k?
That $7k can be post tax, which makes it worth $11k pre tax. But on top of that there's $100/month gym membership, $100/month phone bill, $45/month internet bill.
Oh ok wow, nice. Thanks!
Hmmm actually, 7k is pre tax, you still pay for income tax when they reimburse you. Unless it’s office equipment for work.
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Let me ask you - do you think it’s a good thing that speaks well of a potential engineering culture or a bad thing if they are selling you on a quick 2-year path from senior to staff engineer? What do you think that might mean about staff engineer at Twitter?
I'd like to believe that they are proper L6 equivalents but it certainly sounds questionable if SWE -> SWE II -> Senior -> Staff is expected to take around 6 years in total.