WeWork offer
170k base plus 130k equity (RSU) over three years, NYC. Is this considered decent/good? I was hoping for senior SWE, but looks like I’m not getting it, possibly because I felt I did worse than expected on the system design round, possibly because I’m coming from a bank, or both. How is the company itself? I hear both very good and very bad about it both here and on Glassdoor.
That's is relatively good although I am concerned for their longevity.
Is this an L4 position?
Unsure what exact “level” it is, but I have a chat with the internal recruiter later today so will ask The role I was interviewing for was senior SWE. The title in the offer was for regular SWE. To be honest I’m new to the world of tech companies (background being in finance tech), so forgive my lack of familiarity of what might be common knowledge.
How many YoE?
10
Seems like an average-to-good offer. Probably not the best performance on the interview. 130K RSU's at which evaluation? This is important.
I would say it's a really good company to work with depending on the team. Which team are you on?
Real estate. Really tough to gauge the reputation and prospects of the company...lots of both positive and negative comments all over the place. On the positive extreme end of the scale, I see it being referenced in the “SLAW” acronym, but at the same time, why wouldn’t a company like, say, Uber be included in there? How would WeWork look on a resume vs. one of the other companies in that SLAW acronym (or Uber)?
Really depends on the team.
No one works long hours here by the way...
That’s the truth. Least, not on any team I’ve seen.
What’s typical? Also do they allow WFH?
I guess it’s a good offer but I wouldn’t know either. I recently got an offer for 175k and 135k/3 yr. I got that 10k more probably because I had another offer...
Did you accept? Recruiter told me I had some room to negotiate the cash part of the offer, so waiting on a reply now.
How many actual units is that?
WeWork is going to be in serious trouble when the next recession comes. Commercial real estate is a particularly bad business to be in during a downturn, and they have a lot of liabilities on their books.
Keep in mind the first 2 years of a commercial lease are plum deals, especially for WeWork. All those liabilities are going to come due in a year or so.
Yeah I would steer clear. We work has a sky high valuation resting on the fad of an overpriced co-working space.