Yes, the culture is as toxic as Amazon. Yes, many teams experience 996. Tough it out and you will be rewarded heavily and possibly never have to work for money again. Is it worth it? My personal estimate of bytedance stock: 350 Those that joined when the stock was worth 60s should stay as long as they can mentally afford.
too late to join now?
Nope
I got my onsite this week
996 fuck that
I agree with OP. 95% of revenue is coming from China and the engineers there all work 996+. Great opportunity to join the ride.
I joined at $60. I’m sticking it out to the 4 year vest.
same. am getting paid way more than FAANG would with the stock inflation. i’m willing to deal with the extra hours and bullshit for the high TC
The extra bullshit is really hard to swallow for me. How do you do it?
So if I work for 50 hours a week will I not survive ?
I work average 40 hours a week, just odd times due to time zone (sleep in til noon and work til evening). This would be bad news for someone with a family or for early risers. Your workload experience here entirely depends on team tbh. If your direct manager has a lot of pressure on him then it will be trouble. But in US most managers (not all) are somewhat shielded from this, exceptions being maybe ads/monetization teams
Any tips on which orgs/teams are best? Expecting an offer soon and seems like I have a choice between generic backend and Ads teams
I have a TikTok on-site coming up
$350 per share puts us at nearly $600B. seems extremely optimistic considering fb is $900B. maybe in a few years…
Kuaishou is trading at a 400b valuation for minority market share of only the China market. Meanwhile TikTok boasts majority market share worldwide except a couple countries we are actively trying to flip, plus a diversified product portfolio with ventures in Ed tech, creative tools, and fintech. 600 isn’t a big stretch. There’s a strong case for us getting to 900 within 5 years and maybe crossing Facebook sometime after that assuming things continue reasonably well.
google tells me kauishou marketcap is 900b hkd which is $119B usd?
ByteDance Revenue USD 2020 $37b : 7b profit 2019 $17b 2018 $7.4b 2017 $2.5b 2016 $0.6b
I got a 3-1 offer, but I am still considering. I don't worry about 996. My concern is that current stock price is too high. For sure, it will ipo soon. With even doubling the stock price after ipo, I still only have effective 700-800k tc per year. I already have other startup offers potentially beating it easily. Of course they are not as unicorn as Bytedance. To me, I feel it might be too late to join Bytedance now. If my 3-1 offer goes to 600k, I might flip the decision.
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how long is a good enough stay?
I'm not at a year and it's hard not to quit
I get it and I feel for you. Try to stay for maybe 1 year and then get out? Bad culture really starts to take a toll (physical and mental and relational) on you. I get trying to save (I’m an immigrant also) but at some point it’s really not worth it and it starts to affect your health and relationships (and actually end up costing more due to hospital bills, therapy bills, relationship counseling sessions, divorce attorney etc). Try to see if you can interview with other companies in the mean time. Best of luck!