I will be joining Two Sigma in Feb 2023 as a New grad (currently a student on F1). I was a Meta summer intern who didn't get an offer despite EE rating. After difficult months of job search, I got the Two Sigma offer but layoff trend is scary. I do not want to interview more and move forward with TS. Will they layoff/rescind offers too? Edit: TC - 250k (base and YE Bonus)
TC?
Added
what location is this TC for?
Don’t HFTs thrive off market volatility?
They usually do. But this situation is nothing like what I've seen in my adult life, hence the uncertainty derived panic.
Of course it's not like anything you've seen, your adult life has hardly started yet.
Way safer than pure tech companies tbh.
That’s what I suspected. Do HFTs hire SWEs from a non-HFT background? Is it super super hard to crack the interview?
That's what I was hoping for. Thank you! @bsYT55
Many hedge-funds are having a great year. Algo funds tend to do well in volatile markets.
Yes, the best place to be in during a recession are Hedge Funds. In fact, during the 2008/9 recession, Two Sigma was one of the few companies that didn't slow down hiring.
Even ignoring layoffs, getting a bonus in cash instead of shares/RSUs/options is great when tech stocks are going down.
Two Sigma is historically very stable. Fingers crossed, but I'm not too worried.
We good
I thought we don’t hire any new grad outside of return interns! Congrats!! Heard lots of candidates went through the final round but never get updates since then.
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What school do you go to?
Answer ^ this op
How will this help? I don't want my recruiter to identify me using school and Meta intern 😅. There weren't many Meta interns from my school.