I got an offer at Uber (for SDE3 equivalent at Amazon) in Palo Alto, CA. I'm currently working at Amazon as an SDE2 in Austin, TX Current pay: Base: 145k RSU: 90k per year for next 2 years Uber pay: Base: 185k Year end bonus: 27.5k (this is minimum. could be a multiple of this amount depending on my performance and company's overall performance) RSU: 600k for 4 years (25% vest after first year, then prorated every month after that) There's one more component (stock grant) which is not disclosed but will be around 25k approximately Although the package is tempting, bay area has really high cost of living and more tax I'm living alone until wife moves in with me in October or December 2020 Should I take the offer or no? My concern is that Uber stock has going down consistently from 43 to 29 today. Amazon has filed my labor in December, if I move to Uber, the process is going to restart again
The commute is brutal, beware
Yes
No brainier, yes.
A salary of $240,000 in Austin, Texas should increase to $1,132,615 in Palo Alto, California (assumptions include Homeowner, no Child Care, and Taxes are not considered. Click here to customize.) Comparison Highlights - Overall, Palo Alto, California is 294.8% more expensive than Austin, Texas - Median Home Cost is the biggest factor in the cost of living difference. - Median Home Cost is 698% more expensive in Palo Alto. Not including taxes even though no state income tax in Texas vs massive income tax in California
Lmao. It’s amazing how low the bar at Amazon is
Take it. YOE?
Would you not accept it if we say no?
Yes, take it
There is an increase of only 40k in the base. Do you feel comfortable with that increase alone for the first year before your RSUs, Bonus, grant kicks in? Also the way Uber and Amazon stocks are going, the RSUs may be of equal value in two years time.
Run the numbers on the taxes. See how much is left over. See if that is more or less than your anticipated housing cost change. Then debate which place has weather and people you like more, which has other jobs you’re more likely to transfer to if you don’t stay, and see what your wife thinks. The good news is that the stock can only go down so far and your shares will come as a fixed number calculated from the market rate and a $ amount, so better to get them when it’s down.
Why did your founders sell 90% of their Uber shares?
1) Taxes. 2) He was effectively pushed out a while ago. 3) TK turned not much into a couple billion $ in 10 years. I assume he hopes to do that again with his next venture. Even if Uber beat the market it probably won’t do that. For those with the ability to build, sell, build another it makes sense to do so. I’m not one if those people, so I’ll keep on taking my safe paycheck.
Is it L5a? If it's L5a, base could be higher
240 to almost 400 If your focus is TC, then definitely take it. 400 is plenty for SF.
Absolutely incorrect advice, 240 in Texas >> 400 in SF in every possible way
Why? What about earn money in Bay Area and later sell the house and move to Texas?