Let's Boycott Interviewing at Stripe and Instacart after their New RSU Policy
For folks, who are not aware of these companies new RSU policies, here's it in the nutshell.
1) Fixed bonus amount given in the form of stripe/instacart share. No stock upside to capture!
2) This shows it's not about having employees part of the company success and more about delayed bonus payout in the form of paper money.
3) After Airbnb and DoorDash blockbuster IPO's, Stripe/Instacart founders don't want engineers to cash on their hard work, and limit the company success to the company execs.
Some Stripe employees will come and defend this POS policy saying it protects you from the downside. No, if there's a downside - you're more likely to get laid off than them protecting your ass.
Let's teach the lesson to Stripe/Instacart leaders before this gets normalized across the industry. Boycott interviewing at such companies which don't care about employee success.
#### Update:
- The traffic on this post is tremendous, keep voting and commenting.
- Stripe/Instacart/Lyft/Snap execs need to know they're hated.
- This is a virus that might infect other companies, we need to kill it before the widespread.
#tech #stripe #faang #rsu #boycott
comments
This is class warfare, comrades. The workers produce all the value, but all the upside goes to the execs and those who already have most of the shares. Rise up and unite, workers of the world! We have nothing to lose but our chains!
But seriously, this will spread to other companies. Remember, less than 40 years ago, tech workers didn’t have crazy compensation. And the real big growth only came in the last 20 years.
That comp is less a reflection of skill and more a result of great bargaining power. However, the capital class has always done everything it can to drive wages down, and tech will be no exception.
One way or another (like with this RSU system), wages and bargaining power will keep going down, and all those profits in tech will go to fewer and fewer people at the very top. And yet, the plentiful sheep of tech will cry “so much greed!” at their fellow workers, while the execs take it all...
TC: $540k
I guess I got lost in my attempt to explain why disparaging someone complaining about compensation as a laborer is not constructive for anyone except those holding the capital
I can tell you that the Stripe interview is a joke compared to the shit I asked at my previous companies.
All they focus one is how clean your code is, and how you work, not even whether you can actually solve stuff.
If you are a competent eng, Stripe interviews are a cakewalk.
TC: $1.6MM