I see stocks like Snap, Rblx, Pypl, Hood, Sq etc which are down 60% in last 5-6 months. New hires who joined in Q3 having a significant TC drop, is the company doing anything ? Meta just raised target refreshers by 25% TC : 430K (pre crash), 360k (post crash) Yoe : 4
I don’t understand this concept. So when the TC goes up by 100% due to stock appreciation there is not a single post that company should do something. Now when it’s down by barely 16%, companies are expected to make you whole?
The truth is the high growth tech companies with obscene comp aren’t actually paying obscene comp, their stock is just overvalued.
Snap top's up to the original level for those who affected.
Robin hood did and square is about to afaik. The folks saying that we shouldn't top people up is confusing to me -- if they switch companies they will get grants at the current price, so true up grants could remove that incentive to leave. Say there's a 600k IC5 at 300/300 who joined recently with a $100 grant price, their TC is 450 today. That puts us much closer to Microsoft than our target comp peers
Is Roblox topping up? They’re choose your own split so I assume that’s on them for choosing a higher percentage of stocks
Ah mb I missed that this wasn't the Roblox channel. No changes have been announced and I wouldn't expect them to be any time soon. I joined post IPO and haven't heard of us offering to choose equity split, and wasn't brought up by my recruiter
Nothing so far. Time will tell.
You don’t get less when stocks go up… it’s part of the fucking game will be a lot less inflated TCs now
At pypl you did last year, since the stock surged pretty high, that precedent isn't paying off now though lol