India
20h
797
Dhruv Rathee speaks lies about Ch. Shivaji Maharaj
India
14h
774
How to invest in India as an NRI?
India
23h
651
Why Modi not asking for votes based on work?
Tech Industry
10h
1591
Amidst mass layoffs the US govt allows companies to hire Visa Workers without proving they first tried hiring US workers
Tech Industry
13h
306
GitHub copilot vs chatgpt 4 subscription
Stripe seems to be one of the highest paying companies out there. (https://www.levels.fyi/leaderboard/Software-Engineer/Senior-Engineer/country/United-States/) I recently got an offer: Level: L3 Base: 200 Bonus: 15% Equity: 80k annual TC: 310k This is significantly different from the information shared on levels.fyi, especially the equity. Is this the new normal? #tech #salary #salarynegotiation
This is the new normal at Stripe, yes. If you manage to get "exceeds" ratings, then it increases by a decent amount next year. But it also takes your blood, sweat, and tears. If you don't think Stripe stock will 2x-3x in a few years, then don't join. It's not worth it.
Then give us referrals as soon as you start.
Stripe became a 2 class system. People who joined pre 2023 are making bank and the recent hires are probably making half.
Wait till they equalize everything. Right now people who joined before 2023 lost significant value due to lower valuation.
Are new joiners treated differently? Seems a little weird that one person could be making huge money where new person is making mid tier tech comp
Yes. It's the new normal.
Was it a remote position?
Due to lower hiring after the layoffs, levels.fyi is a bit outdated for Stripe and doesn’t fully reflect the new pay bands. The pay bands, especially for equity, were cut dramatically for new hires, while existing employees were told they wouldn’t have their pay cut. In practice, this means existing employees get the max of their current pay and the new bands, including for promotions. Since the new pay is so low, even a promotion may not lead to a major pay change. For comparison, the Eng L3s I know who were hired in 2022 have $250k salary and $250k annual equity, so they’re being paid more than even L4 new hires.
This is the exact same L3 offer I got in January. From what I’ve been told you got a solid offer at the new pay bands.
This is the new normal, not worth it unless you absolutely need the job (visa, running out of savings etc). I wouldn't join if you have financial and immigration runway. Edit: The recruiter might try to 'sell' performance equity grants - you are most likely not going to get in first year and it's not formulaic, i.e depends on your management chain (there's a range that provides management leeway to reward those they deem fit)
Stripe lowered pay in 2023 Folks joined post 2023 on the new pay band is officially the second class employee Not worth it any more if you have other offers
Sorry have no info but what's your YOE