How are companies like snap and lyft handling employee comp drop due to their stocks taking a massive hit this year? Are you getting in year stocks or are you asked to suck it up and deal with it? TC: 350k, L6 SDE after stock drop #snapchat #snap #lyft #lyftcompensation #snapcompensation
It's stock for a reason, why would they bother to fix it? Would you give back your gain if stock go up, no.
Because new hires will get packages at the current price, people with unadjusted packages will go to where they can get a similar offer. Net effect is losing a lot of people who know the existing product and having many empty seats to try to fill while suffering from stigma of being a sinking ship. It’s not only cheaper to give people more RSUs, but it burns a lot less cash too.
Sir how big is your paykaje
It's Long term incentive. Do you return money if stock skyrockets 🤨
I get the intent in this, but companies don’t give RSUs to create a team of gamblers riding the wave, it’s because 1) it’s non-cash comp, and 2) the assumption is that it will go up, thus incentivizing good work and a sticky workforce. If the stock tanks hard, you lose one of the two reasons to provide RSUs, and if you can stomach the dilution, topping up high performers makes sense to me.
Snap is already doing another one
Lyft grants are yearly so it would just fix itself every year
We all just got one year target comp re-ups
Already lost 30% :(
Its a race to zero, it seems!
It is the opposite, they need to fire people in this situation.
Snap resetted everyone's comp at 36 in March and then again at 11 in October and we are still down 30% (more downward movement pending imo). Moving over to either Google or Airbnb for something less rollercoastery.
Snap has significantly increased their share dilution by handing out top ups like candy to every engineer in the company. This will tank the stock even further because if there’s one thing investors hate it’s stock dilution.
Layoffs
Lyft said oh, snap to their employees. Snap refused to lyft anyone’s comp.
Lol good one
Interesting perspective 😂🤣